Well we know that the cost of mining, milling, production, admin...

Well we know that the cost of mining, milling, production, admin and all other cost such as labour ect is $220 an ounce,
We know what the price of gold is aroung the $800 mark.

With a current Jorc defined at 250,000 ounces over the selected areas including Blue spec.

The current Market cap is 24,088,781
Shares issued assuming conversion of Options 132,770,418

With 250,000 ounces
EBITDA $580 an ounce after production.
$580 times 250,000 equates to $145,000,000 worth of resource currently
The share price in not appreciated and very under valued at $0.28 when EBITDA on resource is $1.09 a share

With 500,000 ounces, $580 an ounce after production
$580 times 500,000 equates to $290,000,000 worth of resource
That’s a resource value per share of $2.18

With 1,000,000 ounces, $580 an ounce after production
$580 times 500,000 equates to $580,000,000 worth of resource
That’s a resource value per share of $4.36

I suspect the Bluey to have at least 1,000,000 ounces

With the Red Ribbon Shear having very similar characteristics I suspect it could actually double that.

Even if I am 50% right, I will be extremely happy
Dare I say even if I am 25% right I will still be happy

The share is undervalued there cant be any doubt about that