Full article on website: http://www.321gold.com/editorials/casey/casey013110.html

Anyone dear to speculate on what we got and in which category?

What's a Company's Gold Worth?

• US$20 per ounce Inferred
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• US$30 per ounce for M&I
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• US$160 per ounce for P&P

• Inferred: the lowest-confidence category, based on just enough drilling to outline the mineralization.
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• Measured & Indicated (M&I): these higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well.
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• Proven & Probable (P&P): These are bankable mining reserves - basically Measure and Indicated resources with established value.