Cobalt, I am only reporting what the valuations are for oz's in the ground /per market cap.  If you would like, I can provide you with a website that list various companies resource values.  I am not, and have not said CM would be valued at that price. Please also be aware, the price I gave was what Seabridges total resource value is at with Gold Equiv.  This would include all minerals they have on the books.  Just to make this interesting, why don't you tell me what you think say:

 

Barricks oz's are valued @?

Novagold

Sabina...

So I have given you a producer to quote, a developer & an explorer.  All respected within the groups mentioned.