It is interesting to note that ALD has an EV per ounce of $189.
That is the amount you are paying for each ounce of gold reserve the company has in its project.
They have a bit larger reserve than RAU at present of course.
But RAU has a EV per ounce of around $40 based on a 750,000 oz reserve.
If/when more of RAU's resource can be moved into the reserve category the EV per ounce should follow.
compare amayapampa grades & set up with this, page-5
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