In my opinion you are grossly underestimating the Gold on the Ontex property. It has never really been properly drilled and developped.
Dont know about Hardrock but the Ontex property could potentially have 5 million Oz on its own.
Any CEO worth his salt does not bother to do this for an 80% upside. They are looking for the 10 to 20 times uplift, so your $19 price target is more realistic.
I would hope that Mr. Sheridan gets there as quickly as possible.