Yes, REG's resource is already big, but several things need to be kept in mind.
First, this resource estimate is just a step along the way. For instance, it doesn't include the big hole they recently drilled further out on their properties, nor of course the many holes to come.
Plus it doesn't cover all their property yet.
Then, it also doesn't include the deposits where they extend onto others' property. The global resource across all the deposit would be breath-taking, but their partners are private so will probably not be reporting on their portions at all.
And finally, there is an unusual amount of financial information contained in this Resource Report. Heck, it's not too far from this data to making a PEA. That said, I don't expect the PEA to come out till next year, by which time a lot more resources will have been proved up.
That is, assuming the company hasn't been bought out by then.
Glad to see the share price back up to where it was before the ALDE spinout. Speaking of which, I am still holding my ALDE shares, though if they make it to a buck I'll be tempted.
LC
