"The Independent report also agrees with you, suggesting a SP of...

"The Independent report also agrees with you, suggesting a SP of $0.059, which makes this a potential 4 bagger. "

I prefer the un-risked valuation of 49c per share!

Most of that upside un-risked case is attributable to Beehive (29c unrisked vs risked 2.1c), which adequately highlights the enormous upside of that play to MAY, and also underlines the quite conservative nature of the anaylyst's risk assessment - but which still spits out a total of 5.9c.

It's been a long time coming, but MAY shareholders are certainly going to get some bang for their buck in 2019.