I knew that someone would correct me.The value of the deposit in the ground may be $23.2 billion but that's not what you would get from any interested major.The in-situ value may be only 10%( I don't think they would go lower than 10% but that's JMO) or it could be more depending on infrastructure of course and then they may pay a buy-out premium of anywhere from 10-30%(as in the case of Inco at Voisey)

BTW roos, it was mentioned that the deposit could contain 1 billion tons of ore not 100 million tons.Anyway you want to look at it I think it's worth a tad more than 26 cents per share.GLTA.

cs.