I read a report done on a company in the Red Lake area today. They have ~110 million shares out, like us. It is expected that they have a possible 7 million ounces open pittable.The research firm that wrote the report gave them a $5.45 target price, todays sp~ $1.20, by using a gold in the ground per ounce figure of $100.

What I am getting at is, that if we can come up with one good hole that we know is in one of the anomalies that BOW has measured the volume on , it won,t be hard to start figuring the value that can be added. The firm above used $100 per ounce for evaluation, so we should be able to also.

I think this companies valuation would be a good comparison, whereas Lori said Quantec used the sulphide content of Tesoro with comparible gold grades with that of Red Lake.

IMO