Questions to be asked at the GM, page-15

Valuing Spargoville?
With next to no drilling and a Resource of
2370 tons of Ni
190 tons of Cu
Thats a calc of
Cu per ton $13749 aud x 190 + Ni per ton $35,746 x 2370 = Approximately 87m in resource

The general rule of thumb is a explorer should expect at least 10% of the value of the resource in the ground when selling or being taken over.
But remember there have only been a few holes drilled so that 87m is possibly just the beginning.

Low ball we should expect no less than 8.7m for Spargoville
Fair value for me might be that 12 to 13 million

I know management read these comments, so if you are reading and you're currently negotiating to let it go for next to nothing or a BS royalty with a small upfront, then you better think again.
8.7mil + 3% of anything pulled from the ground would sit well with me.