Da Rock uses following Rules o' Tumbs fo' valuations assa reflected inna da Stock price:

Inferred - 7%

Measured - 11%

Close ta production - 27%

Now dere's premium fo' Gold....anna high value Ni/Cu Pt/Pd deposits such assa NOT.

Den dere's penalties fo' bein' inna sticks....such as NOT....inna middle o' nowhere......Lookit SWN Selwyn wit world's largest deposit o' SEDEX Zn/Pb 30 km long.....100 miles away from rail/hiway......SWN shares are @ .24 cents

Butta da main point....da Rock wanna make 'ere is dis:

Ya all is puttin' cart befo' da horse......anna wearing rosy colored glasses.........we ain't atta dat point yet........

Der's still 2 mo' years work ta do...........mo' anolmalies ta drill.......JV's.....other DE plays pluses anna minuses...propective ground ..... other NOT properties....dat's ta be discussed.....not buyout percentages........sheeesh!

Just da way I see dat!

HardRock