RE: Cash Your numbers and rational are sound Fish, though I'd use the fully diluted share count to be conservative, giving us a market-cap of approx $445 Million,,,,,which gives us $37.50 per oz based on Trans Cda alone.
Of course, there are those who will argue that Rahill-Bonanza is worth more than Trans Cda, Rain and Cove put together.......that a major discovery, if it hasn't already been made (or reported by Goldcorp), is simply a matter of time.
We have everything we need in this package to lead the sector higher once it grounds out: mgnt, cash, geology, Au in the ground, etc.