Thanks for the suggestion of stating it that way.

Running numbers is easy for me but I'm not at all certain that would I do is what a professional analyst would do.

E.g. Kimber's published resource is just under 2,000,000 oz. of gold or gold equivalent.

We know that recent drill results hit the vein below the Carmen deposit. I am not a geologist but I assume that vein and its offshoots are responsible for the higher, thoroughly drilled Carmen deposit measuring 1,450,000 oz.

My numbers in the previous post took into account a guesstimate in the Ben Abelson article that suggested that if results were good (and they were) it could double the resource. He did not make clear whether the double was of the Carmen or the total Kimber resource.

But getting back to your post and the current market cap/oz.

Market cap is current price of stock [now $1.60] times the number of shares outstanding [65,000,000 approx.] The number of oz. Kimber has proved up not counting the newly posted 165,000 inferred from the recent deep drilling is [2,000,000 oz. ] 1.6 X 65,000,000/2,000,000 is the market cap/oz. and it is now approx. $0.52/oz.

P.