This is what I value AMK today. 27,000,000 oz X $150 in the ground price = $4,050,000,000 - 80% = $810,000,000 AMK share.
810,000,000 devided by shares outstanding 430,000,000 = $1.88 / share
back of the napkin approximation. Very conservative numbers. This is not to account any premiums. Location, location, location.