Hiram - I like your calculations and when silver goes to $30 then you can substitute $4 inground.

I don't think ECU's upcoming 43-101 will update GOG's. So we will probably have to wait a while for much additional hard news apart from some good drillhole results.

However I think share price appreciation will start happening when investors start buying into the junior pm's. We are seeing the talking heads at CNBC starting to tout gold bullion ETF's and a lot of analysts recommending the big golds which haven't done too badly lately. However nobody beyond the goldbugs like Casey, Korelin, Moriarity, Taylor and Embry etc. are pushing the juniors. Meanwhile we accumulate(except I ran out of cash) and wait.