I have seen many corporation market cap = the gross revenue potential based on OS shares x price of the stock and it changes daily. That said, market cap is a quick snapshot I use only as reference only to evaluate where the price is today relative to MC, next steps could use EV described below to refine the analysis, but there are many many other methods. Is .53 high? Yes, is .0037 too low, Yes IMO, soon the market will tell us what it believes!
RE: Specifically, enterprise value is calculated by taking the company’s market capitalization, adding its total debts, and subtracting its cash. Many investors use enterprise value as a rough estimate of the cost of acquiring the company and taking it private. It is also used in valuation ratios such as the enterprise multiple.
Other note, I believe the 4.4m oz will grow as additional events transpire as mention below:
RE: Along with the Kebigada, Douze Match, & 10 other Prospects in the Giro Gold Project, Amani Gold is looking to capitalize on High-Grade deposits encountered in the Gada Gold Project, which is currently being mined by independent miners on a small scale. The deposits share similar geology and mineralization styles that are encountered in the Giro Gold project, and likely hold large resources & reserves, which can add tremendous value to the Amani portfolio.
RE: Continued Drilling at Kebigada to Upgrade & Increase Resource Estimates + Complete Feasibility Study on the Deposit Continued Drilling at Douze Match to Upgrade & Increase Resource Estimates + Eventual Feasibility Study on the Deposit Peteku Prospect showing signs of Huge Resource Potential like Kebigada & only 4KM away from this location 10 Total Prospects (Including Peteku) which exhibit similar Geology & Mineralization encountered in
Kebigada & Douze Match, all of which sit within the Proven Mineralized Corridor of the significantly under- explored Greenstone Belt
Market Data 
Markets 
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