ValuationBack in early 2000 the market was giving a company about $25 per ounce Inferred, $50 for M&I, and about $100 for P&P. Then, when gold ran up over $1,000 before the crash of 2008, these valuations went out the window, and some companies were getting over $100 for merely Inferred ounces – Now were at $1848 an ounce and the inferred ounces could be worth $200 an ounce. $200 an ounce X 5 million ounces divided by 347,000.000 shares = $2.88 US per share