Hansix,

Point well taken regarding unlikeliness of significant increase of Measured and Indicated (Resource) ounces; additionally, as I indicated in my post, I thought 1.25M Proven and Probable (Reserve) ounces also was too optimistic. Let's leave Inferred off of our calculations.

So, at a presumed 2M resource oz, 1M reserve oz (estimates I think we can agree on) and a $.075(Canadian) SP, the numbers are $12.27(US) per resource oz and $24.54(US) per reserve oz. Still compelling, pending good per oz extraction cost and annual production estimates in the FS.

Strike