my math/DD may be flawed somewhere but i was looking for a comparable quebec based large deposit explorer/near production and i came across LSG (lake shore gold)..
from what i see LSG has 2mil oz (about 5 properties mostly in quebec), near a 43-101, with no "proven".
lsg has a market cap of 1.2bil/2mil oz= $600 oz.
i must be missing something....any ideas?