the resource has now been upgraded to indicated, and the total in all categories of mag's share is 117 million ounces (so far.) even better, mac takes another shot at fresnillo:

MAG CEO, Dan MacInnis commented: "Upgrading the resource to an Indicated and Inferred Mineral Resource is a critical step in advancing the Juanicipio Joint Venture and MAG is extremely pleased with the high grade and size of the Indicated Resource Estimate and the overall contained silver ounces. We are also delighted that Scott Wilson RPA completed its resource estimate in such a timely fashion. Earlier today, Fresnillo released information from an audited mineral resource estimate for the Juanicipio Joint Venture in a presentation at the 2009 Global Metals and Mining Conference that differs significantly from the Scott Wilson RPA independent resource estimate. MAG has not been given the necessary data to fully explain the discrepancies in the two current estimates or to reconcile Fresnillo's 2009 numbers with their earlier resource estimate, but we are highly confident that Scott Wilson RPA's independent work demonstrates the true measure of this world class silver deposit." Mr. MacInnis concluded: "MAG is deeply concerned that this appears to be yet another facet of Fresnillo's strategy to keep MAG and its shareholders in the dark about the true value of the Juanicipio project, while Fresnillo attempts to acquire control of MAG through a lowball take-under offer that is not in any way reflective of the true value of MAG's world class assets."

http://biz.yahoo.com/iw/090224/04769...