Yes, it is intresting and, since they define how they got their numbers it's straitforward to calculate a number for PDG. First a few notes about their approach. They used the total share number from the TSX website which is not fully diluted, so I used the same total share count. They include EV/inferred as a column but this number is meaningless. The risked EV/OZ number is more usefull and includes measured, indicated and inferred. The inferred is penalized down to 20% but there is no right or wrong number to use and this is conservative.A previous post quoted Brian as saying they have about $ 30 million cash so I'll go with that number:

$ 0.85 X 237.7 million shares = $ 202 million market cap

EV = 202 -30 = $ 170 million

EV/Risked reserves = 170 / ( 2.18 + ( 0.2 * 1.72)) = 67.4

The risked reserve amount is 2.52 million oz. If I've done this right then PDG is just under the upper quartile in the table. I tried comparing these numbers to the EV/OZ chart on page 21 of the latest presentation but I don't know how they calculated those values and it's quite out of date. In general we know most junior gold stocks are undervalued so we still are waiting for the investment money to flow back into the juniors.