Tonto, good comments.

The way I see it, an up and coming company with a significant mineral base defined in it's early stages, as we have with Nolan, and two other properties with significant resources infered or indicated, as we have in Ester and Eagle, will command a high P/E for those very reasons ONCE THE BASE IS exploited via production, and additional assays show the future potential.

You are correct, the P/E is a measure of the expectations for the future of the company.

So an established company with essentially a single property that is dwindling it's resource base (which many in the world are) will actually see it's P/E decline over the years.

IMHO, Garry has one of the largest new resources in Alaska in Nolan+Eagle+Ester.

Nolan has identified 42,412 tons grading 1.88 Toz Au/ton (as Sb and Au equivalent). At 60 (initially)-200 tpd (at 125 dpy), this alone will take around 2-3 years to mine and process.

In the mean time, we fully expect several hundred thousand tons additional Sb + Au resource to get defined in this huge area which has been heavily, heavily studied by Garry for decades. This current 42K ton ore body consisting of I think ONLY 3 or 4 veins is just the beginning.

PLUS, Ester Dome alone has already defined 340,800 Toz of gold (indicated or inferred) grading almost 4 gpt Au for 3,185,000 tons. This resource alone would take 12 years to exhaust at 2000 tpd (at 125 dpy).

So you see, Silverado has the goods now, necessary to begin to give the market confindence to drive the SP up based on future potential. I fully expect a P/E of 30 by end of 2010 assuming we get the financing.