I see nothing wrong with your logic. I frankly do no believe that Silverado is capable of producing 500,000 tons of anything at this point in time. I believe your dreams of Silverado's over all out come is the same as many other Silverado investors, but the dream of a 40 cent a share year end value is just that, a dream. I think most investors would be happy with a 20-25 cent a share value, but I don't believe that will happen either. Silverado posts no P/E ratio and for the most part, posts hopes of progress and profits with little success. As an investor myself, I'm also a speculator, thus my investment in Silverado. I'm reminded of several penny stocks of the 70's that shot up to mega profits when gold moved to $850 an ounce in Jan, 1980. Silverado could be one of those companies, there-in, the speculation. But, here we are, after 8 years, gold started at $252 and is now $930~ and Silverado is still the same, while most all other companies are up 100's of percents. AT the same time, if Silverado does hit a mother load at their Nolan site, just how much impact on over 940 million shares do you think it would have over all? Silverado will certainly pay off in the bull market blow off stage, where people panic and buy every type of gold stock available as they did in late 1979 and Jan of 1980. I think Silverado over spends on advertising, renting and pays very high fees to associates for so called services like Tri-Con's affiliation and some surveys they have contracted for, all at a cost to the share holders. Let's see what the year end brings, I think we'll be lucky to see 15 cents again (this year).