Artwork your math is off.
Utilizing a conservative vale of $900.00/oz, the current share value, on a gross metal valuation is just over $10.00/share.
If we take a conservative 20% residual value (because access is easy and the gold can be mined in the least expensive way), we are left with just over $2.00 a share if we get to an inferred resource estimate of 1000 000 oz.
At present, with 629,000 oz proven up, and using the same math, we have a present value of $1.32.
This stock is way undervalued at present, and represents a screaming buy.
Hope that clarifies.
crazydik
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