Hard to beat value of the Leatherman Monarch 500 for $30 dollars at Costco.
Stainless steel body with rear momentary switch.
120 lumens from a CRE LED running on 3 AAA's.
http://edcforums.com/index.php?topic=12937.msg157635
http://www.candlepowerforums.com/vb/...d.php?t=182032