PT - Just good, and fairly accurate guesstimates. The JORC is there for a reason, but it doesn't stop the companies from knowing what they've got after a certain amopunt of drilling.
It's only the way they are forced to report it that sometimes holds the price down for considerable periods, and I'm not saying that is a bad thing. I reaslise we MUST have decent standards - but many of them will know their targets and end up getting very close to them - or exceeding them.
Let's just wait and see what happens here - I'd be the first to say it was a scam if they came out with a placement notice......
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