Ali,
As I have stated on previous posts, Brain Maher at PDAC stated that in-situ gold is going for anywhere between $50.00 to $400.00 per ounce.
I believe that, due to the excellent location of the Hercules property, the ounces are worth closer to the $400.00 than the $50.00. All bets are off if POG skyrockets, like I expect it to.
I hope that is meaningful info.
MB