Correct...replace "value" with "price".  As you say, the trading that is occuring is not taking into consideration the inherent value. My comment had solely to do with the share price.   It is trading on $20/oz for just the indicated in higher grade "lens" material.  That is ridiculously low.  Even low-ball transactions are happening north of $125/oz and with the switch to a mentality of processing higher-grade in the early years, the payback should be alot faster.  Lots of mines making good money at grades lower than Kiaka would produce...just a matter of getting there.