RE:Ran the numbers... the numbers also make sense in that it they closely mirror what Agnico paid per share when they bought 10 million shares. If gold in ground is valued at 100 per oz., the $1.70 per share they paid would reflect an approx. resource estimate of 1.7 million ounces (Rau and Rackla). It also shows how incredibly undervalued the shares are at 50 cents.