effect of $agold rise

If one makes the wild assumption that BTV has 1m oz of gold (hopefully proved in this round of drilling), then the past 6 or 9 months has seen $A gold rise by around $200...that's an extra $200m to the asset value of BTV isn't it??? One would need to discount that value over the mine life of say 6 years (current estimate)...still worth $150m, on the assumption that mining can be conducted at $450A/oz as suggested...mmmh.....interesting for a company which will have $12m in the bank at the end of the month, and a market cap of $38m based on yesterday's close and 553m issued shares.