Your analysis doesn't make any sense.
You are basing this off of the gold they have under ground, and then multiplying that number by a PE ratio. That's not how you value a gold company. The $1,960,000,000 will not be escavated in the coming year. If they do have that kind of gold, it will likely be over a span of 10-15 years in itself before they can get most of it out.
You don't value a gold company by multiplying the reserves by a PE ratio unless you are figuring each and every year they will suddenly find and realize that amount of gold which is not the case. A PE ratio is multiplied by the earnings per share in a given year to equal a share price.
NWTT will rise tomorrow, likely quite a bit, but some of these evaluations I am seeing make no sense fundamentally. A $3.12 PPS would be a Market cap of over $15,000,000,000. Considering the gold which they claim to be underground is only worth about 1/8th of that, there is no way a $3 PPS will come anytime soon.
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