Estimated NAV $0.684 per share

from the offer documents and previous announcements, MED has over 4 M resource which IMO worths over $120M - assuming @ $30 (net of cost), plus Inventory $1.47M and tax credit $44.6M, come up to a net worth of $166M conservatively ; assuming CR is fully taken, then estimated NAV will be around $0.684 per share ($166M divided by 2,427 M shares). if everything goes right, it definitely worth a punt IMO. Gutnick Group might wish on one will take up the offer except them!