it is reeceived already 500000 CAD advance payment,

but how much is the NPI of 5 % worth 

some thoughts:
there are about 120000 ounces gold and silver worth another 30000 ounces gold so 150000 ounces
let us assume a 70% recovery - so we will have about 100000 ounces to to sell,
for the sake of easy calculation let us assume the goldprice is 1800 USD per ounce and the the costs are 1000 USD per ounce, which leaves us with 800x100000 profit with is 80 Mio, let us multiply this 5% NPI and we get about 4 Mio USD, add to this the additional 1,5 Mio the company gets from the municipality share and we are at 5,5 MIo USD - or about 7 Mio CAD, but this is only a little site project
How can a market capitalisation of 10 Mio CAD be fair.
Is there a mistake somewhere in my thoughts - please correct. 
If not, I guess it is a good time to buy.