Oh I agree 100% mate! I simply was showing what I believe is worst-case scenario with regards to the current environment.

My thinking is that there may be 4-5M+ oz in this area under KBX's jurisdiction, and they have had great results lately. I look forward to hearing more from them.

We also must consider that valuations/oz will go up quite a bit once we get our considerable rally (whenever that may be).

As an aside, I stopped by the local gold dealer today, and they had a $125 premium over spot on eagles - I've never seen that before. The St. Gaudens were selling at around $1350, where just a few months ago they were $850.

There is definitely a shortage of gold, and I encourage y'all to check out your local dealer and see what you find.

Good luck