If they are just at the stage of sampling trenches - they are a long long way out from having any real resource. Like 5 years
They seem a little further ahead than just trenching. Total Mineral Resources at Batangas at a 0.85 g/t Au lower cut off include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000 oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (announced January 30th 2013, 2004 JORC).
In a sector that's rightly way out of favour Little cash left, see September cashflow report http://stocknessmonster.com/news-item?S=RMX&E=ASX&N=655113 Net Operating Cash Flows (negative $1,506,00) Proceeds from issues of shares, options, + $2,163,000 Cash at end of quarter $1,646,000 Rapid dilution at only 1c a share with free attaching options . They only listed a couple of years ago at 20c Doesn't matter in a way what they find. How are they going to finance it and shareholders are so diluted already. Most drill results of explorers disappear into the ether over time.
The jump between 'infered', 'indicated', 'measured', 'proven' & 'demonstrated' maybe just a step on JORC reporting ladder.... but many millions of dollars & months of work in the real world..
