IMO being fully valued today has no relavence on why most people are here. It's very easy to discount the blue sky and take the easy way out by stating the obvious like the "Need to find more discoveries" but I have yet to see any credible analyst put a number on San Gold or speculate that if they did have >10 million ounces and actually could run 1900tpd at >.30 ounce/t under $400 what that would mean for the SP.

If we could produce 1/10 the ounces of G, which the current mill and existing ore body easily could, and prove up ounces cheaper than G can acquire them, which is the case already, then SGR should already be at a minimum in the 12$ range.

And if the current mine camp is as Brent Cook postulates, "too big for the mine plan and maybe even San Gold", then why not get things going with a page right out of G's book and do a 2:1 stock split and a bought deal financing at 6$ to get some serious production going to eventually get to 45$ over the next decade, I'm all for it.

The discovery has already been made, defining the size and getting it out of the ground is the $35 billion question.