Shimmer: I am agreeable with regard to the return profile of MKO...

Shimmer: I am agreeable with regard to the return profile of MKO being quite unusual... asymmetric & skewed towards the upside, with downside capped by virtue of the Bronzewing plant.

One data point suggesting the Bronzewing's replacement value is much higher than $60 million is MKO's 25 November AGM presentation:

Based on that the plant has a replacement value of $80 million, rather than $60 million.

Either way, the $30 million market cap is crazy!