RE: Tell me if I am wrong here - calcI think your calculations are close.
In mine, I have taken into account the recovery percentages published by UMJ in NRs and I arrive at a value of C$1.25B for Shakespeare. Haulage would need to be accounted for.
Also, using Smog's (UMJ message board (2007?), method of estimating share value based on the whole deposit (take 20% for mining costs, divide the reminder by 4 and by the number of shares outstanding) yields close to C$5.00 per share after accounting for metal recoveries.
IMO
mud