qtr report, page-9

There is no need to be rude about it. As you can see I was merely pointing out the errors in the calculation of valuation from the original poster. I just suggested that on existing operations you might come to a value of $1.30 based on his logic...but I also said that it didnt attribute any value for the things you mention...and the reason for that was becuase the original poster didnt attribute any value for that either. I was just being consistent with the logic...but yes if you want to add value for those things, and I think you should, then the valuation would be much higher than $1.30 depending on your view...but maybe $1.30 is a fair value for the existing operations and resource base without any upside......personally I think the value is closer to $2 in a good gold price environment...