Could someone please post how you arrive at a value of silver in the ground per share. My retired little pea-brain can't handle the math (well, maybe the math, but not the logic to go with it).

I am thinking that the silver (and equivalent) in the ground is being valued at a real low figure of something like $0.30 per ounce (or is it $0.30 per share - this is where I am confused). Then, given the rising POS and JPM shares, what would be a realistic valuation, so I can get an idea of the upside potential of our ECU.

Thanks in advance.

Cheers.