Ann: Investor Presentation, page-4

have to agree with @ManniTheTurtle.
It puts a valuation of $63 per ounce on Ore Resource Au equiv in an operating mine.
Mine plant value $0
Misima DFS $0
Significant Mineral Hill discoveries in Mine Lease $0

with some of the Misima drill results showing significantly higher than 2g/m I'm surprised they have opted initially for such a large mine and then basing it on pog of $1800 is a little risky

I expect that a rerating will only come after a definitive Mineral Hill mine plan is released (with associated funding).
Misima with all permits completed and sold for a minimal price - enough to cover previous costs, will also be seen as a positive.