Here's some basic calculations to get people riled.

Let's say, hypothetically, 50 million ounces in the ENTIRE Geraldton-Beardmore land package.

Let's say, 100 million shares outstanding by the time we are all said and done.

Let's say $200/oz in-situ value.

That comes to............$100.00/shr. My new target price. I know, some of you might think that's a tad low.....

Brian Maher stated at PDAC that, globally, in-situ values are ranging in value from $50.00 to $400.00 per oz. These amounts have many variables that affect them. I would assume that the in-situ value of any gold at GBM would be closer to the $400.00, due to the great location.

I personally believe that 10's of millions of ounces will be proven up at Hercules alone. Of cours, that's only my opinion.

Anyways, just some thoughts. I hope you all have a great Victoria Day long weekend (for us Canucks). I am looking forward to meeting you all at the Vegas bash. Actually, Vegas seems to be hurting for business at the moment, so maybe us rich Kodiaker's can get a sweet deal......