I made a few comments re one aspect of your question...

I made a few comments re one aspect of your question here:

http://www.hotcopper.com.au/post_single.asp?fid=1&tid=917862&msgid=5108361

And, put up a chart showing Republic enterprise value, cost per oz etc compared to some others. It covers some other angles to which you allude, Here's an updated link. (it was discussion back 19/05.09 approx)

When/if I manage to put together some more detail for your question, it will be on this link, because I will use that chart too.

http://www.avoidglasses.com/rau-chart-and-analysis/

Forgive me if you have seen all this trivia.

cb