Thanks @Pricklyman!
Comments regarding Spot price make perfect sense, and totally forgot about ownership (this gets complicated with Australian tenements I understand). The resource/reserve amounts in Mlbs was taken from the Annual report 2023.
The Net Value of the Resource/Reserve takes into account AISC of $27.40usd/lb (as I understand the AISC accounts for all outlay over the life of the mine?). I then divided the Net Value by number of shares for speculative pricing. Is there something else I haven't considered here?
Ultimately, I was trying to find a metric for evaluating against the MCAP/Share price, something like an enterprise value (I think)??
Maybe I have taken the wrong approach entirely.
Revised spread below. Seems a little more realistic.
Thanks @Pricklyman!Comments regarding Spot price make perfect...
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