DrFill, these results are very very impressive, but nowhere near that of Aurealian.

Their grades where off the scale. Nevertheless we should see a boost in our SP, although it can take a while before the markets catches up. Thereby do not only grades matter, but also the shares oustanding, dilution, management, country risk, the presence of infrastructure, proposed mining methods, metallurgy (recovery rate), NSR's, etc.

An (base-case) indication of the value of a junior miner is in and about 10% of the in-situ value.

So for example, if a company has 1 million ounces in the ground, then that's worth about 1000 million dollars (assuming long term gold price = 1000). The value of the company would be 100 million. Divide this by the number of shares and you have the share price.

For more information about mining and all it's aspects I recommend you should take a look at this site and start learning about DD:

http://www.mining-journal.com/knowledge/Mining-101