I think they already have enough gold so I don't know how much a resource upgrade would assist the share price in the short term. Obviously more is good but there are a lot of projects with a massive amount of proven minerals in the world which sit idle as the cost of mining/production means it stays in the ground. See the nickel laterite companies in Aus, those resources have been known about for ages but economics yet to be proven.
Whether its 3.2 or 10 of gold, its all about whether it can be feasibly extracted. I am not saying it cant be, they just need to prove it based on current feasibility expectations. I don't care for 'in ground value', I care about the 'out of ground value' net of costs to dig it up and refine of which we do not know yet.
VEC Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held