Good rule of thumb for valuation of a gold junior company.Using the 43-101 total ounces,multiply this amount by 20% then multiply this amount by the price of gold say $1,000 then divide the the result by the amount of shares.This should give you a rough estimate of what the share prices should be. EX. 4,000,000 ounces x 20% x$1,000 divided by say 200,000,000 shares = $4.00 I got this rule of thumb valuation from a magazine called Report on MINING about four years ago.Mind you a lot of other factors have to be considered when valuating a company like cash on hand,what country their in and how easy to get the ore out etc. but this rule of thumb is pretty interesting.