RE:Way too expensive for the riskCarbide , your analysis here agrees quite well with my thoughts, but for dramatically different calculations. Your numbers suggest that in your opinion is presently overvalued to the extent of around 33% , and that today's true value is around $5 US. My calculations show a potential write down of reserves by about 34% . Most M+A business in mining is based on the existing reserves plus a possible premium for exploration potential. So yes we both see $5 before long.