OK, so here's what the back of the envelope in front of me says. $16.9 million (US) market cap; $8 million cash -->> $8.9 million valuation for 1.6 million oz of gold, measured and indicated. This means the 43-101 results in a valuation of $5.56 per oz. THIS IS FREAKING ABSURD!!! And those ounces will only go up.

If your national leader declared gold was only worth $35 an ounce again, would you say ok, or would you hock everything you own to buy as much as you can? The gold-in-the-ground value of $5.56 per ounce fits that category. Especially with at least 2 years of operating cash. This gold isn't in a geopolitical risk area like Venezuela or Ecuador.

There. I feel much better now.