When Peggy secured the Russians to buy the PP @ .18, roughly a year ago, and finance the re-opening of the Lamaque mine, gold was around $1000 @ oz, obviously the numbers worked back then for the Russians, assuming $500 @ oz production cost that would have a $500 net profit per oz.

Now with POG @ $1400 the net profit per oz is 80% higher.

With the current sp @ .45 don't you think this stock is a little UNDER PRICED.