I think I have these numbers right. Even based on today's low share price for ECU, we should get significant SP appreciation with a good report.

From the ECU presentation (see Link Library) last May, the average junior was getting credit for $1.80 per oz silver. I doubt it is that high now, but...

using 242 million o/s

200 million oz

$1.80 * 200 = 360 /242 = $1.48/share

300 million oz

1.80 * 300 = 540 /242 = $2.23/share

400 million oz

1.8 * 400 = 720 /242 = $2.97/share

500 million oz

1.8 * 500 = 720 /242 = $3.71/share

Since we are currently trading at .90 instead of $1.48 (since we do have 200m oz) we are only 61% of that $1.80/oz valuation.

Using that very low number

300m oz = $2.23*.61 = $1.36

400m oz = $2.97*.61 = $1.81

500m oz = $3.71*.61 = $2.26