Ann: Investor Presentation, page-15

So AAU's share of the first 2 projects is >AU$200M NPV8. With commodity prices used 20-25% lower than today's prices, with the upside of the dore and antimony for LD which are thus far unquantified... Updated scoping studies or DFS's would push AAU's share of the 2 project's NPV8 to >AU$300M... then there is all the upside to expand/deepen NS and LD on top of that... then there's all the other projects in the portfolio, other no brainer small satellite deposits to tie in to the NS processing facilities...

So value of projects in today's dollars >AU$300M. And the market cap values it all at about $1M when you remove the cash/receivable cash from the market cap.

I'm honestly surprised another company has not just offered $40-50M to take out AAU as it would probably get over the line with shareholders at this point at a 300-400% premium to todays market cap... or when you remove the cash/incoming cash, a 3500% premium to the company EV hahaha.

Buy $300M++ of NPV for $40-50M. I'm still looking at you to make a move, @LLL.