The ASX:FAL $7.75/share party, page-3

As pointed out by the investor presentation: "32Moz Au (P50 mid case) of undiscovered gold in the Northern Bendigo Zone (Vic Govt 'Gold Undercover' estimate)." - 59456090.

32 million ounces of gold at the going rate of $2687.4 AUD/ounce is $85,996,800,000. https://www.goldpriceoz.com/gold-price-australia/

As described in the previous posts, "the ground position that falcon has is one of the largest ground positions in Victoria" -Dr Mark Bennett, Nov 4 2021 (predominantly in the zone that holds the 32Moz).

Even if Falcon Metals takes a slither of a slice of that $85.9 billion dollar pie, I suspect the share price to sky rocket.

Falcon believes they are targeting a $1billion NPV prospect. If there is only ~$86b AUD of gold there, then they are looking at $1/86*100 = 1.16% of the total potential yield for the Murray basin undercover area. The good news is, their permit areas likely cover much much more than 1.16% of the prospective resources of the area. Meaning, that $1billion NPV, is probably conservative.