RE:Calculating further dilutionThat would be fantastic! 1st full year of production @ 400,000 ounces x a minimum $1000 margin is at least $400 million bucks. PROFIT. Discount this all you like but it sure looks like a $15 to $20 stock to me in US dollars. Hold on to your hats if gold finally gets going and tag $2500 or $3000 in the next 2-3 years. Could well be a $30 to $50 stock...and if they hit the original Eskay mine extension this Summer you won't have to wait long to see a $20+ stock