Frank, if we go back and review some of Stervc's 2012 calcs on the other board for all the locatons I believe based on 545 mil o/s, I think he said a $24 share valuation.  Even this calc from MoMoney4Me1, shows the BIG value of those mining locations that are now in MSJ's hands.  But I'm beginning to believe Minera San Jorge S.A. de C.V. is one in the same as Novamex Mineral SA.  Excerpt from MoMoney's post as follows:

$SRGE/MSJ!! $I've just done a quick calculation as to MSJ's potential gold/silver estimated values in their Mexican mining properties.....over $25BN!!!!!!!!!!!!!!!!! And that is just Mexico! MSJ have Colombian and Canadian mines too by look of it!!

MSJ max gold OZ's = 5,867,410 oz = $9,974,597,000

MSJ max silver OZ's = 5,436,682,288 oz = $15,766,786,352 ,

http://ragingbull.com/forum/topic/262611