Good points Old School....I believe now, at gold's nadir, it is an especially good time to estimate a MINIMAL market cap for a mid-tier Tyhee. I'm looking now for a range of gold producers in the 150k-200k oz/yr spectrum in order to get a rough estimate. But, as you say, there are many variables to account for. Lest we overlook Blue Sky, political risks, costs, etc., I will be happy just to get a loose ballpark estimate of what we might expect if the POG is $1200 or maybe $2000+ in three years.