RE: RE: ......$1450 gold.... I don't know about his numbers, but I estimate that at $1450 gold their generated cash flow after all-in costs would be between $100 - 120MM this year. The enterprise value (market cap + debt - cash) is around $550MM. Which at $1450 gold brings us to a terrible horrible ugly EV/CF of between 4 and 6. As I recall it, for gold miners historic EV/CF ratio is between 10 and 15. So I'd say that by historic measures EDV is priced for $1250 gold now, not taking into account their upcoming 4th mine. All JMHO.