$4 - how? EASYThat one's easy. The company's inferred resources are around 360 million ounces per the presentation on the website.
The Mexican number is around 25-35 million Ag equiv. ounces based on the 43-1010 report just published, although as I've stated they are not allowed to press release this number b/c the SEC doesn't allow it and SDRG is a U.S., not a Canadian company. Of course, this will change after the Toronto IPO next month.
In China, the resource is closer to 340 million ounces, but this is using the Chinese 122b auditing rules, not 43-101. But Ausenko has been hired to do 43-101 the nine Erbaohuo properties (goal of year-end for all), with extra paid to get the first one done by the end of March to coincide with the Toronto IPO (although Marc has said he WILL NOT do it around the current SP).
When all of these 43-101's are done, the company will have somewhere around 300-400 million Ag equiv. ounces, and the market is currently paying around $3.00/oz.
Multiply $3.00/oz x 350 million ozs. = uh oh, $1.05 billion! Divide by, let's say, 70 million shares to be conservative and you get a SP of, my god, $15!
So with silver, lead, and zinc back on the way up, the TSX offering, and anything else SDRG does in the near-term, $4 seems like an absolute slam dunk.