Sorry, my math was a little off. I have now used the precise numbers for current values (still using $900/oz) to revise UPWARDS to $1.4639/share using 20% residual metal value.
In other words, presuming that we will get to over 1 million oz of inferred (no reason to doubt given the current 43-101 and the significant remaining property to drill and the success of the peripheral players), we are currently just under 25% of where we should be trading.
Which accounts for why I currently own barrels full of this stock. :)
crazydik
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