I think that ends the conversation on this thread. In the...

I think that ends the conversation on this thread.

In the citation of the Rio case of 42% for $1.5 billion, then gross up to 100% for academic figures gives some $3 billion, say.

As for the answer to Father Ted: I think if you cannot get M & A type valuation + industry type valuation models, I think its best to end our conversation as I said I quoted all the experts from published sources.

I wont be answering further as it is now well past bedtime. I did think there was something strange about Northern Dynasty quoted and my due diligence with link proved does clarify that even the resource quoted is now qualified with no permit etc.? So, it would appear that the Northern Dynasty example was not appropriate in this case of Solgold.