Morning berrybck. In general stock evaluation for mining companies with proven ounces in the ground is $50.00/ounce up to 500,000 ounces and +$100/ounce going up from there. So 2 million ounces would give a company evaluation of +$200 Million. As for mining - the cost to produce an ounce will depend on may things but figure that it will be below $500/ounce and above $300/ounce. If you had 1 million ounces right now and put it into production you would make (worst case) ~$600/ounce or $600,000,000. With a junior company many times the business plan is to find something of size and hope that a Newmont or Barrick Gold takes you over paying a premium and resulting in a great payday for the share holders. If they find a "Carlin" type deposit it could be +5 Million ounces. There is a shot at a large copper deposit on the claims and that would dwarf a gold deposit. Time will tell and many drill holes. I do like the 2 year plan they outlined. If they are aggressive than they will have a good idea just how big this could be.
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