Ann: Daily share buy-back notice - Appendix 3E, page-18

Deep Green is approx 2.8% of the portfolio, in the books at $US1.38 or $A1.88 Oz.
I haven’t bothered to do the calculations (because an investment shouldn’t rely on a “one off” wonder hit.
But extrapolating if the deep green SP comes in at (say) 5 times cost (roughly $US6.90), let’s take a pessimistic view considering the price discussed was something like $US10.00.
Now the capitalisation of CDM is 351 mill and 2.8% of that is $9,548000.00. At the assumed cost price of $A1.88, this gives CDM roughly 5,078,000 Deep Green Shares. Assuming Deep Green comes in at not less than $US6.90 US which is $A9.41, then you would expect to see CDM increase by 5 x the difference between A$ 9.41 and $1.88 or roughly $7.50 Aust. Multiply 5,078,000 by $A7.50 and you have some idea of the gain. Note that this also includes the initial cost of $US1.38. A bit over $A38 mill.
I make that about an 11% increase to NTA given a cap of 341mill with the current SP about NTA. Add 38 mill to the 341 mill shares and divide by the current # of shares approx 341mill = roughly 11.4% assuming we only get $US6.90 US.
Very Very rough calculation, and I stand to be corrected by those far more mathematically talented than I, but I would think that your 25% increase to NTA would be at the top end of the optimism scale. One can only hope though !!!!! Fingers crossed X. !