With 133 million shares..... As a development company with a 43-101 ( 1/3 resource 1/3 inferred 1/3 potential) & a pre-feasibility study
( We will have both of these later this year.)
The value of the in ground resource will go up to 150/175/200 per ounce?? So 175 for this exercise.
4.4 million X 175 = 770,000,000 / 133,300,000 = 5.77 per share
6 million X 175 = 1,050,000,000 / 133,300,000 = 7.87 per share
7 million X 175 = 1,225,000,000 / 133,300,000 = 9.19 per share
10 million X 175 = 1,750,000,000 / 133,300,000 = 13.12 per share