today's news release showed an increase of 60 million resource ounces at pitarrilla, and the stock is down. that's a pretty good indication of the disconnect between reality and the pricing of mining shares.

they also mention that pre-feasibility will be completed by the end of the year, and pirquitas is still on track for a 4th quarter commissioning.

pitarrilla now has 725 million ounces of silver, with measured and indicated ounces at nearly 200 million, and they are nowhere near finished exploring it.

http://biz.yahoo.com/iw/080825/04277...