AUMN - Valuation Question In round numbers I think this is the math after the PP: We will have approx 14 million shares out with no new warrents. Add $75 million to the $40million in the bank for a total of $115 million. $20/shr x 14 million is $280 million total valuation less $115 million cash is $165 million for properties. I was fearing $15 price for PP and hoping for $18. $18.50 is fine with me! Comments? Kipp