Stock Greed,

17.5% of the calculated NPV of $1.637 billion is $286 million...divide that by ~?60 million shares fully diluted would indeed give a net value per share of ~$4.75. That's the value over the mine life of 20 or 30 years is it not? Might FNC actually receive 10%-20% of that on a buyout? (I don't have experience with these matters so feedback is appreciated).If that was the case I would favour the company to keep 50% for exploration and dividend the other 50% to shareholders.

Cheers, Luker