NickO, Excatly Correct!!

That's why, at $25/oz, gold is so cheap.

I asked Dave Webb if he could do a more extensive analysis of what gold in the ground is worth with juniors with no economic studies vs those with a PA, Prefeasibility or Feasibility or are in production.

Let's see what he comes up with other than just the data from Canaccord?Adams.

Cheers,

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