St. Elias Mines

Silverback, how about 102 Million OZ, based on all the Math we've done continually, and that worked out to a share price of $133 per share, based on the following:

1. Zona Central Anomaly ONLY
2. 1g/T ONLY
3. $150 per OZ ONLY
4. Scaled back 68%.

Not too sure where your numbers came from??

However, I do think your numbers are more realistic, because you must be saying @ 175 Million OZ to get a share price of $495 per share like you state, the price payed per OZ based on 115 Million shares fully diluted would be approx $325 per OZ in the ground. That's probably much more realistic than the $150 per OZ that I say!

As well, you must be saying they will average 1.72 g/T to come up with your 175 Million OZ, instead of my 1.0 g/T to come up with 102 Million OZ.

I'm thinking your numbers will be much closer than mine in the end!

I Love Math, & you gotta remember, Math does not Lie!

BOW2U