Has anybody worked out what Aurox is worth based on reserves as...

Has anybody worked out what Aurox is worth based on reserves as it sits today?
Here's my opinion they have a proved reserve of 180 million
tons let say at $70 a ton = $12.6 billion
Reserves are some times valued at 2% of there export value
that would = $252 million divided by 190 million shares
= $1.32 a share even with a %50 discount still would
= 0.66c a share.
(you will note that $70 a ton is a conservative figure the spot price at the moment is about $100 a ton )
What I am trying to say is that I have no concern about buying AXO for 30 cents it's cheap if they cant get it going another company will buy the reserves.

I hope to start buying back in this week if all goes well
with my other intrests.
(also I didn't include the other commodities at Balla Balla)