Thanks for the replies Ed and Spiny! It's what I suspected, but I wanted to hear it from the pros! I have played around with some numbers myself in the past, but the highest figures I could come up with were in the 3 to 5 dollar range. I guess it all depends on the ability to prove up ozs in the ground, the discount factor applied to the years of production, future price of fuel/labor and the future price of gold and silver and of course the premium for being in a "free" country - in other words a lot of guessing! But one thing is for sure, the price will many multiples of 2 and 4 cents (listen up Bowser and welcome aboard!)!! Regards, Khaki