Gold price from various sources is $2600 USD, $2700 from Goldman-Sachs and up to $3K USD from Bells "in 6 - 9 months" from the conference.
Crank those numbers out. They were very conservative on the gold price. "At current spot prices our valuation is +$1.80/sh"
From the same report -
Euroz valuation, page-5
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