John Doody on FSN yesterday said that at the end of this May the "industry-wide average mkt cap for an ounce of reserves is... $339" ( for an ounce of production is $7,000).
Tyhee, at a mkt cap of $44.75m with 810k ounces of reserves has those ounces valued at $55/oz.
http://www.financialsense.com/market-focus/metals/financial-sense-newshour