If Tyhee got $50 an ounce, wouldn't that be about a four bagger buyout today?

"It is instructive to consider that analysts value such resources between $50 -$150 per ounce, depending who you talk to, at current gold prices. It is also intstructive to review what projects have been purchased for by the majors: for instance in 2005/2006, Goldcorp purchased the Eleanor gold deposit (with no formal 43-101 resources, although all technical people "knew" they had close to 2 million ounces of gold), for $425,000,000, or about $225/ounce."

From Live Chat with Eric Owens,

http://caps.fool.com/Blogs/live-chat-with-alexandria/571634