AUZ Chart, page-4145

Clearly, you are betraying your ignorance in these matters and have no way of valuing the potential of a project!

Don't take it from me. Try this from Micky Fulp who knows a lot more than anyone here:

"So how do we evaluate a gold project for possible investment?

Both Cipher Research and I employ a peer valuation model based on the value of gold in the ground. My methodology is simpler than Cipher’s, which employs a detailed technical and financial analysis.

Here’s the basic premise: An ounce of gold in hand is currently worth about $1200. Gold contained in rock at concentrations or amounts not economic to mine is worth zero dollars. It follows that an ounce of gold “in the ground” is worth somewhere between nothing and the current spot price."

https://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html