If one makes the wild assumption that BTV has 1m oz of gold...

If one makes the wild assumption that BTV has 1m oz of gold (hopefully proved in this round of drilling), then the past 6 or 9 months has seen $A gold rise by around $200...that's an extra $200m to the asset value of BTV isn't it??? One would need to discount that value over the mine life of say 6 years (current estimate)...still worth $150m, on the assumption that mining can be conducted at $450A/oz as suggested...mmmh.....interesting for a company which will have $12m in the bank at the end of the month, and a market cap of $38m based on yesterday's close and 553m issued shares.