Sorry what... so at your own estimates the projects alone are...

Sorry what... so at your own estimates the projects alone are worth $850m, and there's $300m(ish) cash in the bank. Market cap is $815m.

Have you got any $100 notes? I would like to swap you your green notes for two equal sized notes, one is yellow and one is red. By your maths that is a good deal for you. If you like, you can even borrow the green notes from someone else and swap someone else's notes with me. They might want them back one day but that is for you to figure out.