If the average price is at $150/t, then the market value in the ground is $0.38 per share outstanding.

($150/t x 220,750t) / 87,070,000 (shares outstanding)

= $0.38.

Exactly where the stock has been at for the last few days. Absolutely, zero speculation on any other potential findings. This to me, is the absolute bottom, and when you value the companies JV, potential discoveries in the McFauld area and current real estate owned, this should be sitting much higher than the current stock price.

This stock will be toohottohandle IMHO, before you know it.