This thing is being priced as if it's worth the drilling business and cash on the books. The Nevada property could certainly provide a pop with nice drill results but, the Butte property is what will make us all rich.
I think the Butte property could cash flow 50 cents to $1 per share by 2012 assuming 100k ounces of gold per year and $500 per ounce cash flow. Not overly optimistic if any of the August drilling unlocks more value. Stay long and prosper.