How big are we anticipating the resource upgrade to be?Also,...

How big are we anticipating the resource upgrade to be?

Also, there was mention in the London investor preso of a potential reserves announcement. Does anyone have an idea of what numbers we might be looking at ballpark? I'm running some numbers of my own at the moment.

Based on $25au for measured and indicated, and $17 for inferred (all inground) I get 17cents per share undiluted. i.e. AAG's curent share price reflects current JORC with no value ascribed to the resource upgrade, drilling program etc...

But the interesting part is that generally speaking inground RESERVES are valued at around 5x resources. So...big reserves numbers are likely to lead to a big increase in value.

Any numbers or competitor comparisons warmly welcomed.

JT