"Stock is trading at 46% of the award size, apply the same...

"Stock is trading at 46% of the award size, apply the same metric to GRX, and you will need an award of greater than $600M or greater to want to stick around at this stage of the case..'

But using your figure of 300M shares in GRX and current sp of A85.5 that is A257M cap for GRX
For your benefit Without taking into account GRXs treasury and Greenland assets and just looking at the $A1.3B claim that is 257M/1300M = 20% of the award size going to GRX to cover the asset value of its claim ie similar to a quid quo pro settlement .

Using your 46% comparative rate applied to GRX and we would get a value of 46/20 * 85.5 current sp = $A1.97 award size value for GRX
Looks like you made a mistake according to my calculations , but you are the professional fund manager so I will give you the benefit of the doubt and assume I have made a mistake in my calculations that you can point out ?