I really think investors should be focused on two things:

1. the value of a single mineralized pipe

2. the value of a JV for Big Chunk with a gold Major.

I see the market giving us 5 or 6 dollars per in situ pound of uranium, if we find a mineralized pipe. Using past grades and pounds for pipes as examples, that would give us about 5 million pounds at 5 dollars/lb or 25 million in market cap. A year ago I think the market was paying double that, at least. These days... much tougher audience. That would bring us up to about .50 per share on one pipe discovery, give or take.

What will the market give us for JV'ing Big Chunk? That one I have no clue about... gold stocks are battered right now, and the market is looking with a very critical eye at junior explorers.

It's a tough environment, but I think we have plenty of upside potential.