Thanks for putting that data to the skeletal calculation. At this point, the 1.75 was a guesstimate but it is nice to know regardless that we are probably not overvalued. Because the price profile for copper is so strong, that begins to alter the risk profile of this speculative investment fairly dramatically. As further holes expand /delineate the strike deposit, it now seems to me unlikely that price will back up, and if my portfolio is a horse-race, I will begin to add VMS at this level at the expense of some lessor performers. I have lots of the latter, but VMS is looking like a winner and I will increase my weighting within the spec group.

BTW, given HBM's need for resource, it seems we have a highly motivated customer for these deposits, and would that impact at all your sense of the "10% factor" ?