Hey Mudguy,

Nice to see you back. Well for me anyway, seem's like a lot of people are upset you're back.

That said, is it possible you could show us how you got to that $2 valuation? walkingzombie showed (albeit whilst excluding capex) a calculation to get to his valuation. Could you show us how you get to $2? It'll shut everyone else up or they'll be able to show you the flaw in some of your assumptions or calculations and we can have a much better conversation from there.

Outside of valuation by discounted cash flow, metals equivalent etc. we do need to consider intangibles (Goodwill) that are actually very important to the project, and not just there needlessly. Vette show's a very good list of these things - such as control/4 year time-period to bring to production, jurisdiction, positive environmentals and no problems with natives to name just a few.

Anyway - we may not be able to agree to the value of intangibles (and that may be where there's a lot of variation) but hopefully we can atleast narrow down the tangible side.

Thanks ahead of time,

Jay.J