You and I are close...I had it figured for .04 best case short term scenario...if those permits are sitting near some respectable grade ore and if there is a lot of it...the heap leach and open pit permits will be valued at $20-$50 mil savings in production costs...and thats just the permitting values...quantity, which will not be known until succesive rounds of drilling are completed...quality, we'll get an idea of the grade of the ore very quickly here.
People gotta' remember, this is not like underground hard rock mining...open pit and heap leaching are simply the cheapest way on earth to get at the metals.
I've said it before and I'll say it again...those permits are worth a fortune...even in lower grade ores.