I think it can even be broken down simpler. I think there is a value that these guys use when buying a junior. I am not sure what that value is but I would guess it would be int he 1-2% of current PV. This takes into account everything for them, mine costs, roads, people, concentration. We do know our current PV is very low , but you cant sell something on unknowns. I get that there is alot in the ground , but if we work off what is there lets say 80 bil, take 1% of that at the low end we have 800 million buyout. that around $1.7ish per share out there. BUt I think that the current valueation that was done independantly came in way lower than 80 billion. 

I will caviat this with , I am holding out till the end. I know that there is hundreds of billions in the ground there. Its a matter of getting the buyer to bite on that.