Another interestingcomparable would be T.CEE;
They have 6.7 M Oz' trading at $1.48 and have about 1 billion shares out. Although they are going to start mining this year to provide cash.
The cut off grade is 0.4
So they are trading at $230.00 per ounce....the problem is I did not go and check out any addtional porperties they may have.