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Hi UR, where do you get your $2 from?

The latest reserve est. is 10.2 Moz. Let's assume that at $100 silver it is worth recovering 9Moz instead of the 6.6Moz in the current projections, which will take longer as the leach times increase as you extract more, so that gives is, say, a mine life of 9 years if they build more leach pads.

9Moz at $80 cash cost is $720m. Shares on issue currently 1.5bn, gives a value per share over the next nine years of 50c. If you were to discount that, it's more like 35c current value.