hzmn91, there is nothing wrong with your math. There are certain assumptions, of course - is it 2grms/tn, or more (nugget effect). Is it worth $100/ounce in the ground at present (location in Quebec would imply a higher value, but that's only true when it's proven). It will, eventually, have to be proven, and then it will demand a higher value.

No matter - you illustrate well the potential value of this company. Given that, is it really that important we arrive there this year? I mean, if we are really looking at an eventual ten bagger, wouldn't it be worth the wait if it took another year or two to get there? I'd be happy with that.

I just finished reading Larry Hoover's Report from one month ago (thank you hoov - VERY well done - wow!). Here is the reference to 100 million tons this year (page 15):

The company has recently declared a short-term target of 100 million tonnes of gold mineralization, hopefully to be achieved by the end of 2010.

Taking that at face value, I appreciate the goal and I appreciate the "hoped for" timeframe, but in this business, testing, drilling, and assaying are not always a precise science. A nice Christmas present it would be, but I'd be quite satisfied if it turns out to be an Easter gift instead.