"David McDonald made an interesting point regarding our operating cash flow (I think this was from the feasibility study) of $500 million per year. He pointed out that if we aren't bought out, our 25% equivalent is $125 million per year, about $.30 per share for 21 years. Between he and Elmer they then emphasized there were all sorts of ways that the $500 million figure could go higher and depending on further exploration and proving up the "district" to 21 years could be vastly longer. They were talking about that in the context of how significantly undervalued we are. Not in the context that they want to hang around until the mine is in production"

It's not $.30 a year per share, it's NPV , so in today's dollars, the future cash flow (for next 21 years) of our 25% is worth $. 30 a share. That's why we are at $.50. That $.30 can change quickly if mining volume and/or grades improve in the early years of the mine. That's just how net present value works. Hitting 2% CUU grades 30 years from now at depth does help todays NPV.