I just wonder what are the most common ways of extrapolating the value of a gold company based on ounzes in the ground. The  value must clearly also be dependent on a) available infrastructure in close proximity, b) how quickly a mine can be developed, c) can intial mining be done as a high grade open pit, d) political stability, e) grade, f) 'minability',  etc. In my opinion KXL has all these advantages and I also think there is a mill (which should be more or less operational) in the vicinity. Time is money, at least if you have to borrow a lot to build roads, infrastructure, etc, before you can actually start to generate cash flow.

Tellit, I see you used a value of 140 per oz, what do other people think? Are there actual fairly rigid procedures in place for gold, or are there actual historical values(or ranges of values)?