1. There are approximately 1.1 million gold-equivalent ounces.

2. The all-in cost of production as per the PA is $415/oz

3. Subtracting the cost of production ($415) from the present price of gold (about $1215), we get $800.

4. Multiply 1.1 million oz X $800, and we get $880 million. This is roughly 4 times larger than the NPV used by Micon.

This isn't a proper net present value calculation, but may be a different metric used during the coming mania phase. Note that it doesn't include all the resources found to date, and it also doesn't include all the resources that are probably lurking beneath.

This company is grossly undervalued by any metric, and given the bull penant formation in the charts, I would say a pop is coming the next time the gold price pops above $1227 in convincing fashion. When we get "jiggy with it" she's ready for another push to $1.80, and this time may hold above $1.30 for good. Who knows - we may just see Kimber above $2 very quickly.

I think Jim Puplave should write a "How to" book - The Care and Feeding of Junior Mining Stocks. :)