Your 1.2m shares would need to have a value of $1
That's 333.3333... times the current value or 33.3333.. times the value if there was 1:10 consolidation.
The company would need to have a Market Capitalisation of 10 billion dollars!
IMO:
Not quite there yet
A more realistic Market Capitalisation would be between $200-500 million dollars, that's between 6.66 and 16.66 times the current share price if all we are told regarding gold production occurs without any unknown costs or delays.
A very large commercial gold ore reserve will increase the market capitalisation. Everyone hopes for this obviously, otherwise there is no guarantee for the life of the gold extraction and revenue.
My guesstimate for SP within 6 months is 2c to 5c, so your shares could be worth between $24k (probable) to $60k (optimistic)
A optimistic rating would relate to how commercially viable other known or upcoming gold ore reserves are.
IMO only, don't take this as professional advice
Greater Market Cap = Higher Share Price, page-122
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