RE:RE:RE:7 centsEagleseeker, you're right...$180/tonne is way too high for the sale of Cehegin. What's reasonable? Pick a price. The projected range in price of iron ore from 2021 to 2025 is between US $95-$107, so let's keep it simple and use US $100/tonne...(and let's use Cdn $120/tonne to err on the side of caution). Historical records show a resource between 40 and 60 million tonnes. Greg said the recent aerial imaging estimate is closer to 102 million tonnes. Once again, let's use a number in the low range to be safe...say 50 million tonnes. Fifty (50) million tonnes X Cdn $120/tonne is $6 Billion dollars. Greg said that the in situ value of the deposit on a sale is 5%...so 5% of $6B is $300,000,000. $300,000,000 with 345 million shares outstanding is approximately $0.87/sh. That's not taking into account any premiums for high grade/low impurity ore or proximity to transportation and a deep sea port. It also doesn't take into account the possibility of a much larger resource. Whatever the eventual resource size the Company proves up and establishes in an NI 43-101 compliant resource estimate, I think it's safe to say that as long as the Company can execute, the eventual shareprice should be multiples of what it is today. Good luck to us all...djstone