Valuation

I have held this security since it was at 2 cents and regret not topping up when it tumbled to sub 4 after the announcement delaying revenue. I have so much faith in this stock because I watched the company de-risk again and again (from increasing output to confirming access to water etc). I have so much faith that it is the only security I recommend to a mate and his brother who bought in around 2-3 cents.

My question is, assume $40-$50m revenue for this auction - what should be a proper valuation of the company/share price? I reckon it will be 90% clearance and average of $100ct.

Also, does anyone know if the special stones are definitely included in this auction? My recollection is that Meg cut them ages ago so I don't see why not.