I wanted to open this up to get a feel for what others might see and think about what AMK could be worth.
First let's assume that all other properties that AMK own other than their drilled area of 850m X 600M has a value of $0
Second let's say that their drill program for this year (est) is 150M X 150M is also worth $0
Keep in mind that the step out will increase tonnage by give or take 45%.
Now, current reserve estimates let's use 20-M-32Moz. Let's ignore the fact that these numbers if drill results are more of the same would add 45% to the 20-32Moz but again let's assume it's a dud. (you never know)
AMK owns 20% of the project so 20Moz X 20% = 4Moz.
Value of gold in the ground. Eric last week in his podcast said he could see $150+ CAN. per oz, I can't disagree with his opinion but for arguments sake let's say he's wrong (sounds funny saying such a thing) Let's use $120 CAN.
So 4M X $120 = 480M. AMK's current MCap is $110.
Honestly I find this one to be a total head scratcher. It's like stealing in slow motion.
Feel free to chime in and point out any obvious mistakes. I value all your opinions.