I am very sure!

Here was my formula: it's hard to see, but the 31.1 was divided to give OZ

SP = Tons X g/T X 1OZ/31.1g X $Price per OZ divided by the fully diluted outstanding shares

But yes, you are correct on the 5g/T & $500 per OZ that would give you the number you had of $2046. So, does that seem right, mathematicallly it does, but realistically I'm not sure?? But that's why I always use 1g/T & $150 per OZ, just to really keep things in perspective.

My post I hope shows everyone how small $50 per share really is!