Well done J , "fundamentals" are critical for appraising a...

Well done J , "fundamentals" are critical for appraising a company and you came close to spelling it !
Fundamentally , let's be conservative and say 1 mill oz's .
Let's guess that with gold about $2,400 / oz and AISC margins usually of the order of $1000 and with plenty of blue sky potential someone might offer $300 /oz for the resource (at this stage ).
So implies a mkt cap of $ 300 mill , in my head , about 26 c / share ?
Your 3.4 c equates to what , about $45 mill mkt cap roughly .
But hey , maybe fundamentals aren't for you ?
Maybe you could sell what you have now and buy back when they drop .
(I seem to remember someone else here trying that , but maybe you'll be more successful .)