price of gold at the current level (using Feb 2022 Scoping...

price of gold at the current level (using Feb 2022 Scoping Study) is more than adequate as a valuation for La Demajagua, to me it's more about the DFS, Offtake and Finance progress - add onto those any Antimony effect, and even with current gold and silver prices well we'd be in the vicinity of $350m + according to the announcement that suggested +$100m to +$125m on the NPV

let's keep the math simple (and Antimony out of the equation) at $250m USD NPV for 49% minority and call that $125m USD AAU share of NPV

10% >> $12.5m USD
20% >> $25.0m USD
30% >> $37.5m USD

and those % levels are the low end of the curve once milestones get ticked off, plus don't forget to pick an exchange rate too or humour yourself with 1 AUD = 1 USD

there's also the other little side project they call El Pilar too that will be proving its resources alongside the same tmeline, and Antonio with its NI-43-101 and "in ground" metals valuation (but you don't even need to bring any "value into the calcs" for those)

current AAU market cap is a pathetically low $9.5m USD @ 3.0cents / share.