I think that you are too consevative with your guestimate GWR. I believe that once Gold breaks and stays above $1,000 for a while, the market mindset will change especially Juniors who have been hit rather severly with the downturn of late 08. $30 Silver is minimun $1,200 Gold.

I believe the increase in share value would be greater that 8 to 10 fold. Remember we averaged $3.00 in 07 with much less reserves than we have now, with Gold prices at app. $650 to $700 and without the production facilities that we have now.

JMHO

Later