Nightmarez I think the FA analysis is straight forward and is...

Nightmarez
I think the FA analysis is straight forward and is heavily reliant on the IO price assumption you use
So at present the current cash and remaining 7.5% of BI claim gets us to 48c a share.
The KI project has an NPV of 106m on 55usd price assumption. If you choose to use this price which is the conservative view then Value is 58c for MGX and you can throw on 2 c for Iron hill . That's 60c

I feel you use current spot , then the sentivivity to every 1 dollar increase above the 55usd is 12.1m so current spot gets us to an FA of 65c which is 48c for cash and 17c for KI , plus 2 c for IH

however , the beauty of MGX is it offfers 60-80% upside without inflated IO assumptions but with very limited downside. It's that risk reward equation that makes it very compelling.

Further additions to value can come from the proposed extension of KI which could take core value to 75c plus