well I honestly cannot and am not sufficiently qualified to answer that question.
however I have in the past estimated the value of AAM.
To save you the time I have the BOOK value of AAM at $0.36. And that value DID NOT include the 1.55 Moz reserves awaiting upgrade to resources.
Higher valuations were up to $1.30 after sufficient evidence of gold production/ costs.
But reality is somewhere between 0.36 and 0.56 in short to medium term, with higher valuations perhaps by years end.
Guidance only guys. Remember DYOR
Oh and I have a long term view on this one, and that is not because I need it higher to pay me back!!! My average is much lower that current levels.
GC
maiden pour will occur next week, page-9
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