Thanks verytricky $100 hey wonder if thats a high ball or low...

Thanks verytricky $100 hey wonder if thats a high ball or low ball figure $100 x 60000 ozs = $6m company listing at 20C a share with 20M = $4m so for a company thats about to list with proven inground reserves(60000 inferred)wld seem very good value for money considering the tenemments.....anyone else out there with a bit of knowledge in this sector wld be appreciated....also for a gold company listing is it unusual to list with an inferred resource already ...thanks in advance