$1.50 oz in the ground Alexco has 100mm oz's, not proved up yet but close, this equals $1.50 in the ground. The company has a viable environmental company, probable worth $20mm, they have no debt. After the 2nd quarter, new drill targets will be excavating richer material which will translate into at a minimum 3mm ozs per annum going forward. bottom line numbers should improve to a 25 to 30 cent range, cash flow even more. figure out where it is headed. Remember when silver was 12 the stock was at a 1.50.