Let's take EVN's all-in cost of $1930 and apply it to TBR across...

Let's take EVN's all-in cost of $1930 and apply it to TBR across Mungari and Kundana.

Gold at hand on June 2023 was valued at $183 million at cost.

At today's gold price of $3655, that's a sale value of $347 million (x1.9 value 'at cost')

That value alone is >1.5 market cap and TBR are still producing and profitable.

Is the only factor holding the share price back, AB's control and the difficulty in unlocking the gold value on the balance sheet to the benefit of shareholders?

For those with more knowledge on this company, what am I missing here?