Ann: Mount Margaret Copper Project update, page-83

My maths is as follows (am I mistaken?)

69M SOI @ 2cps = $1.38M MC

IG6 shares 40M @ 22cps = $8.8M asset

So if it comes out of suspension, shouldn't the company be worth at least $9M, therefore MC should be around $9M and SP around 13c.

Alternatively, 40M IG6 shares distributed (once released from escrow) to the 69M CRL SOI equals 0.579 IG6 shares per CRL share. At current IG6 SP of 22cps this is worth 12.75cps for CRL shareholders??

Am I missing something?? I feel like I must be