LCG 0.00% 6.0¢ living cities development group limited

can someone figures out this maths

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    lightbulb Created with Sketch. 5
    FWL's first JORC resource is 115mt, two third still drilling can bring up to 300mt in total. but market cap is 20m only.
    can someone tell us FWL should worth 200m at least?
 
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Currently unlisted public company.

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