At a quick glance, so please check the figures, but here goes some quick comparisons:
1. AUC. Current MC approx $76m. Cash approx. $3m. EV approx. $73m with 3 million oz Gold. Price per oz approx. So $24 per oz.
2. KAI. Current MC approx. $37m. Cash approx $6m. EV approx. $31m with 1.6 million oz Gold. Price per oz approx. So $19 per oz.
3. AME. Current MC approx. $22m. Cash approx. $3.5m. EV approx $18.5m with 832k oz Gold. Price per oz approx. So $22 per oz.
4. AUN. Cuurent MC (assuming approx. 440 m shares on issue after the recent cap raise) should be approx $16.5m. Cash approx. $3.5m. EV approx $13m with 946k oz Gold. So $14 per oz.
So, it looks like we would need to increase around 50% to match those other examples on a price per oz basis. That could boost our SP to around $0.057 per share.
PLUS, we have a processing plant. Those other examples do not. I would say (guess) that should be worth $10m, given it would cost about $15m to refurbish ($25m current value plus refurb cost) compared to building a brand new one.
SO, if hyperthetically, we increased to around $0.057 per share to be on an equal footing to those other examples, our EV could be around $25m (ecluding cash). Plus, potentially $10m of the processing plant (guess), which would push our EV closer to $35m, in that way of thinking.
Not an exact science, but hopefully some food for thought.
All in my humble opinion. DYOR
Cheers
MicroNova2035
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