3% creeping acquisition limit exceeded - takeover offer tomorrow morning?, page-45

MGX is currently on a PE of 22.6, way above the industry average of 16.

If MGX had that average PE, its price would be 20.5c. I think, all else being equal, that's what its "other assets" are actually worth.

5c sounds like a fire sale price and if that was the point of the question, I wouldn't argue. But as an ongoing business its worth considerably more.

If cash backing is factored into the equation, the SP should be about 60c, not just that which is supported by their cash!