I disagree in how you folks value gold in ground and company.
Typical in ground gold deposits are assumed to have a production profit at 40%. With current gold price that means $500 per ounce.
But it varies on the concentration of the resource and operating costs.
One gram per ton ( representing $40) can barely cover operating costs so considered not profitable. If the mine is already producing and all infrastructure already paid for then could be border line.
On the other hand, ten grams per ton mean about 90% as profit post processing, so it is a different world.
One needs to not only consider how much gold you have BUT a large factor is how many grams per ton the resource consists of. These are major physical variables.

When you take into calculation mine development costs, infrastructures (transportation & power), royalties and taxes( commonly 35%), overhead etc. these cut into those profits. These often add up to 60%, hence the net 40%.
These profits are in the future. You need to bring them into today from many years so more depreciation.

Finally some depreciate further for where the company is trading ( ex. pink sheets), politics etc. These are highly subjective. Hard to put a depreciation on these.

$200 or 77 per ounce, unless most factors are considered and explained, we are blind.

Glorieux, I think Osisko is quite valid for a comparison and I suspect Golden Hope has slightly better grades, time will tell.

Just my 2 cents.