Just goes to show how hard it is to numerate a speccie gold play. Not worth the effort IMO, just study and get a feel for how it could work out.
ps I have done mathematical models professionally - automobile aircon, garbage trucks, environmental chambers etc - I always prefixed the report with 'using the xxx computer at London University and adopting an heuristic approach, we conclude --- bs bs bs
S&B Purdy's Artemis Valuation From Kaiser sharecollective.co, page-7
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