My point is future earnings. If calculating SP after FA, a simple rule is:

EBIT x 10 = Market price, and this is by a company that is established,  PE  max 10.

Production from Argentina will easily yearly generate a profit of between 0.5 and 1.0 billion. At 500mio. it will be a market price of 5 billion. and a SP of 40 to 45 USD. At the end of 2023, we may well be up to an earnings of 800mio, and then price 60 is a very fair price.

Note then that it is without the value of the other investments in Agentina, nor a possible approval of the Nevada project. Just wait until the first sales figures start to roll in, then all analyzes come to the table and we see a completely different valuation.