good question BrooHa ..... you would think at some point it has to be recognized.

With the recent Onaman resource #'s and current prices I come up with this gross value:

Copper - $141 mil, Gold - $33 mil, Silver - $35 mil = $209 m gross,

I estimate $75 mil to cover all costs, leaving $134 mil net. Two months ago at the time of the resource NR the net was only $91 mil. Obviously the values can swing quickly.

Even quicker with more tons involved. Minimal drilling need to expand tonnage. Hidden away in the back pocket is a Ni/Cu deposit at Jacobus south with a historic estimate of 1 mill tons ..... more likely to be 3 - 5 tons now after the drilling in 2007. SGX elected not to have a 43-101 done there yet.

I have heard (as most of you have) that resource in the ground should be devalued at 10%. I don't know how true or accurate that is.... input welcome.

But when I look at $134 mil, I see that as being 15X more than our current market cap.

still Longbomb