I don't 100% agree with this, Mt York definitely creates a...

I don't 100% agree with this, Mt York definitely creates a safety net for the SP by increasing the calculated MC based on in the ground reserves. Currently we have 258,000 oz and typically you can put a value to that unmined, unprocessed gold of $50/0z. This produces a value of approximately $13 million which is about 40% of the current total MC. leaving 60% factored in likely upside (all the other projects). Thus if we can get a resource increase of 100,000oz (my "guess") this equates to $5 million which would represent a MC increase of 15% assuming we maintain the same evaluation for upside.

Hence my recommendation to Buy.