Well, at these gold levels there should easily be 21,000,000 reserve oz at LC. Our share would be 7 Moz, and if you use 500,000,000 shares outstanding (we've been told by management to use that number) and $100/oz valuation, you would get 7/5 = approx $1.30.

Many may argue that we should be valued higher, but I would see $1.50-2.00/share as a reasonable target level once the dust settles on the JV. That is, if everything goes as planned.

All my opinion, of course. Welcome aboard...

ST.