Your points on ECU share price and silver price are well taken MYER and this will be the next thing to adjust higher just like the resource just did.  I believe even in a mediocre junior share market this will happen.  But I really expect the junior market to improve appreciably starting any day so this could really excellerate if that happens.

It will probably take 1-2 years yet before the exploration program fully delineates the resource plus adds to the billion ounce potential defined recently by Micon 43-101 report and confirmed in the TD bank analysts commentary.  Lot's of work to do but oh what fun and great to know where we are going as compared to most exploration firms which would like to know where they are going.

Both continued resource growth, new discoveries and commodity price will determine where ECU valuation eventually ends up in the next 2 years but it's pretty easy to see it's multiples of where it is right now.  The market will start to reflect this upside shortly and continue for months as no fund manager who holds precious metals can now ignore ECU.  It's simply not an option to ignore a company with 1 billion ounce potential outlined and makes ECU standout from the crowd and puts it in a whole new league compared to where it was.

Knowing the resource sector as I do, I can say with absolute confidence there isn't a resource company on the planet that wouldn't be thrilled to have the ECU property package.  So ECU needs to make the most of it and I'm confident they will backed by some very large shareholders who are in complete support of managements efforts.

In the meantime the company will also continue with it's feasibility study work but of course having now to shift gears and consider the much larger official picture which has just emerged from the Micon supported resource report.