Rabi I have my own ideas as to what reserves Wolfden has.The best thing to do is go to the website,all your answers are there.The published number on High Lake is less than half the reserves that I estimate Wolfden has.Some gold producers as well as juniors are overvalued,however I do not believe Wolfden is one of them.Ewan gave two talks at the pdac.I found them very interesting and factual.There was no hype or misleading statements at all.Too bad all shareholders didnt have a chance to attend.By your post,you need to do some homework.Wolfden has many gold plays at this time,the best play will be starting in 3 to 4 weeks.High Lake is COPPER mainly.I would not refer to it as a gold play.At this time,I think Wolfden gets 90 percent of its value from High Lake.The golds have hardly played any role in the share price.If Wolfden split up intoa gold co. and a copper co.,the combined share price would be 9 to 10 bucks already.I believe that this has not and will not happen because the funds invested in Wolfden like the exposure to 5 commodities instead of 1.So in closing,Wolfden is not just a gold company,its my pension.rabii...