All these calculations to figure out what the shares are worth....well everyone, they are worth what they are trading for now and is based on the following among other things
-- current known grades
-- legnth, width and depth of deposits
-- current known visuals
-- hype
-- bashing
-- commodity prices
-- other properties
equals .....the current share price
If it was undervalued, people would be buying till the price rises and if it were overvalued, they would be selling until the price falls...
As we get updates on the above....the share price will move up or down. As I bought at a much lower price than the current price, I am happy where it is now and I'm hoping the story continues to get better and the price moves up more.