If we take top of range MC as US$45M:
each consolidated share = US$ 0.75
Divide by 18 = US$ 0.042
Which equals ASX SP (unconsolidated) of AUD 5.4c
If we take MC as US$40M:
each consolidated share = US$ 0.67c
Divide by 18 = US$0.037c
or ASX SP (unconsolidated) of AUD 4.8c
A smidgen above ASX final price of AUD 3.9c.