If the disclosed intercepts (3.96g/ton weighted average) are representative of the full area (length x width) of the deposit, then the corresponding overburden (all the remaining portions of the drills, not yet disclosed) would have some other (lower) gold density.

I guessed.

If the overburden is <0.15 g/ton, then the total deposit will fail to average a strip-minable 0.30 g/ton -- and we'll all be poor. Well, there might be a possibility of shaft mining some of it, but it'll be pretty bad...

But, if the rest of the deposit averages *only* 0.15 g/ton, then the whole mess is strip-minable, and *then*, the average value/share would be $17.65 -- based on a (wild guess) strip mined area of 1000m x 500m.

Reduce that to 500m x 500m, and the share price would be $8.82/share.

All this based on $1,600 gold, and 25% value of gold in the ground.