Mark,

1. Agreed with all 3 items on your list. The most important one is the total/global ounces (indicated and inferred) since investors would not worry about the fine distinction between indicated and inferred anyway. Usually, the inferred amount would become indicated. They just want to see the total ounces.

Did you propose this to Dave, encouraging him to issue a clarification for people to understand the NR better?

Dave should. He cannot afford to let the down-to-the-dump valuation, from the same lone analyst, to go unchallenged and hope that this will go away.

2. POG: The Iraq situation is getting serious with the ISIL rebels marching toward Baghdad creating turmoil in the oil producing region. Oil price is going up...and POG has gone back up from 1244 to about $1275/oz. It is expected that the situation is not going to get better, with or without the US intervention (may be it's too late?)

goldhunter