Here is what we know:

We are hitting on 2 out of 2 pods (and maybe 3 out of 3). There is minimum of 7 pods (not including conduits, shared pods with other companies, or completely untested but staked property). Assume out of all this that we get 8 pods equivalent at 7 million tons of ore per pod.

Value per ton at $800. Assume average is $600. So far I am right with Glorieux.

At the time of sale, Voisey's Bay had drill tests indicating the ovoid had reserves of 30 million tons and there was potentially twice as much in the second ore body at the time of sale for $4.3 Billion. Let's say 60 million tons of ore at lower grade than NOT. Let's assume our grade of $600 is about the same as VB was.

At today's prices with the same relative ore body, we should sell for at least $12 Billion.

And that would be about $100 per share.

However, we are now entering a huge upswing in commodity prices. Read Don Coxe and note that Calpers (a huge pension fund) is now investing in commodities. Many other mutual funds are going to follow suit.

We are going to go into a blow off period in the SP's of mining and precious metal companies, much like the tail end of the '70's. This discovery is at exactly the best time for NOT investors.

And so I think that $100 might be low.