Ed- I like your numbers. It's also interesting that RK didn't blink when you mentioned assays of 2-4 oz for the Oso ore. But his processing rates are different from the filing- "Our current mill is able to process up to 125 tons per day, although the optimal production level is currently about 3.5 tons per hour, or about 70 tons per day." I assume the filing is conservative, but still I would like to get some less "flexible" numbers, including actual processing and recovery rates. But even if they are only doing 70 tpd, that's still $6M per month (and if it's 125 tpd and 4 oz/t...).

$6M per month or $72M /year, for a company valued at half that, will certainly raise eyebrows. And that's using the lower numbers.