Edgy - you and Hiram are talking inferred 40 M ounces. As far as I know analysts and others only take the direct ounces into working out a future pps. Which probably explains the current share price. I agree though that GOG has great potential.
"INDICATED RESOURCE OF 3,979,526 OUNCES OF SILVER EQUIVALENT, and
- INFERRED RESOURCE OF 38,403,639 OUNCES OF SILVER EQUIVALENT"