General Day to Day Banter, page-28

"2 mill x $1700 per ounce for Au = $3.4 billion? therefore, the market cap will be equivalent to close to $3 billion?"

im not sure you were answered on this question.

Not even close to being right.
have a read of this https://microcap.co/how-to-value-a-mining-company-part-i-gold/

in the simplest terms... if they were able to extract all 2 million ozs and that the planned to extract 200,000 ozs over ten years. then you have $340 mill revenue but probably around $100 mill profit.
10 yrs x $100 mill is $1 bill profit less the cost of the plant to build $400 mill = $600 mill profit. How much will you buy that company for? $600 mill? then you will wait 10 years and take all the risk and make zero profit. $300 mill? you would make $300 mill over 10 years. mmmm getting warmer. $200 mill to make 200% on your money? much better.