I used to do a few calculations in my day.

With 1.4 million ounces of reserves (a number I think is realistic) we have the following:

1,400,000 X $270* = $378,000,000 estimated value of reserves

$378,000,000 / $48,000,000 market cap = 7.9 multiple of current value

7.9 X .215 cents per share = $1.69 per share

*Let us remember that Pre-Feasibility Study "reserves" as classified in Canada are NOT the same as SEC-approved and typical-Doody-used "reserves". Under most circumstances, Doody would not consider Tyhee's PFS sufficient to quantify reserves. Therefore, I would not consider the $270 number to be likely. Instead, some value between the current $25/ounce and $270/ounce is more probable. I speculate that the market might give us somewhere between $100-150/ounce, or between $0.63 - $0.94 share price using the above methodology, once the PFS is published.

Hysteria