this does not smell right, page-7

nectr 38

Value of SP at completion of BFS is notionally calculated as follows
Gold oz (reserve) x multiply by gold price per oz ($2,000-$2,200)divided by shares on issue

Say @ $2,000oz
900,000oz x $2,000 = $1,800,000,000 divided by shares on issue (say) 700,000,000 = 2.57 per share

Say @ $2,200oz
900,000oz x $2,000 = $1,980,000,000 divided by shares on issue (say) 700,000,000 = 2.82 per share

Say @ $2,400oz
900,000oz x $2,000 = $1,980,000,000 divided by shares on issue (say) 700,000,000 = 3.00 per share

Put another 900,000ozau in reserve and double the SP above