I thought that at this stage in the life of a company, Resource In Ground would be better pegged at maybe 5%. And considering the stall right now, that would be generous.

Five percent seems far more realistic than 50% profit. There are a lot of expenses in getting the ore out of the ground. Even that might be high. And shouldn't Discounted Cash Flow or NPV be used as models in a scenario like this, if pro forma budgeting analysis has been done?

I'm sure this will inititate an argument. Some will argue that it should be valued a lot higher than I've just suggested. Others will rationalize that it's worth nothing until we can get to it.