RE: I get $319.45 an ounce for Meridean...Now now Buckeroo, don't make me take you back to class again when evaluating exploration plays.
It would be better if you went this way.
Inferred resource of 15 million ounces multpied by ($200.00 at best), equates to 3 billion smackaroos.
Now that makes more sense and is closer to reality. We ain't gonna fetch the same $ per ounce that a producer gets.
You can do your math your way if you like but for goodness sakes please deduct the capex. Geeeez
The market has priced this at about a billion that's low, 3 billion now thats pie in the sky unless we get 15 million oz which is a distinct possibility.
Cheers BritNick