Jimmy1.8 million oz times 100 dollars an ounce equals 180million...........then take 180million and divided by 30million shares fully duilited and that equals 6.00 dollars per share. However junior mining companies are being valued at around 56 dollars an ounce in todays market (non buyout numbers). Using this methodology aucourt feels that each MAO share is worth 6 dollars in a buyout situation.......... hopefully that helped a little bit..........em1976>