Do your own due dilligence. So what's an oz of gold worth inground in the measured and indicated category currently? Going with the latest acquisition numbers from the Newmont / Newcrest deal approximately $700 an oz is viable when gold was valued at about $2000/oz. That deal was sealed on November 6 of 2023. Arguments can be made for the synergies associated with that deal as it would compare if to Aris Mining if it was acquired.
This is a back of the napkin valuation that we would discuss about at the local coffee shop. A $90 valuation per share is definitely within reason. Just yesterday I saw a YouTuber make a trading valuation using charts for Aris Mining of C$25 to C$48 per share within the next couple years. I personally made my own valuation model late last year, these numbers are very plausible in a bull gold market. That's why an insider can throw down a few hundred thousand dollars at these valuations. Aris Mining is currently dirt cheap.