i just applied the assumptions of the OP mathematically as 196,00 oz of au with an inground value of $200 per oz for $39,200,00 (circa $40 mill). I wasn't trying to put an MC value on tje company which has a range of potentially great assets but a string of other problems. Still, I'm in it because I think long term could be big returns.
Ann: Quarterly Activities Report, page-46
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