RE: Wet stuff I do not think the water content was that high as you calculate, I think they were wrong on the weight from the beginning. Anyway, SIlver Hart is a great asset but I think the main focus should be on Bishop/Radcliff because I don't think they will do anything other than bulksamples at Silver Hart.
With that said it know lokks like they are very very close to the final permit at Bishop. That is a game changer for CMC and will in all likelihood give the share a big boost. From zero to 30 000 oz Au per year (of which CMC can keep 50% in the JV) will translate to net cash flow in the same level as the MCAP. That is dirt cheap.