"upgrade a significant portion of the Company’s inferred mineral resources to the measured and indicated categories"
"As at June 30, 2010, the Rice Lake Project has measured and indicated mineral resources of 2.4 million tons grading 0.36 ounces of gold per ton containing approximately 812,000 ounces, and inferred mineral resources of 6.2 million tons grading 0.29 ounces of gold per ton containing approximately 1,815,000 ounces."
I guess it depends on what George's definition of significant is.
sig·nif·i·cant
[sig-nif-i-kuh nt] Show IPA
adjective
1.
important; of consequence.
2.
having or expressing a meaning; indicative; suggestive: asignificant wink.
3.
Statistics . of or pertaining to observations that are unlikelyto occur by chance and that therefore indicate a systematiccause.
noun
4.
something significant; a sign.
A signifcant portion of 1,815,000 ounces to me means more than half not to mention new discoveries. 1 million would bring the cost down to $25, still a far cry to Ginn's $10-20.
