As was widely rumored IAU’s resource upgrade announcement was remarkable and has almost doubled the porphyry copper-gold resource at its Tujuh Bukit project to nearly 1 billion tonnes.

Granted the grades are very low…. but even then under usual circumstances such a large upgrade should have seen a far greater share market response…. makes me think that others share my concern re the forestry legislation… however some quite clever people are telling me that Indonesia wouldn’t take the chance of rattling market confidence by blocking this project.