M260 way overvalued in my view. I can’t see the sum of the parts...

M260 way overvalued in my view.
I can’t see the sum of the parts being worth more than the whole at this point.
What are M260 assets?
Moora - 4 metres Au at 10g per tonne, Julimar - 500 pending assays due back when I had a squeaky voice (disappointing) and a potential $4M spend on exploration, and Bindi Bindi - who knows.
Their biggest asset is a bloke by the name of Dave Richards. If there is anything to be found, I think DR will find it, but a lot of air has gone from the CHN nearology bubble.
I thought a 1:20 50 cent spin off with a 30M IPO (125M initial SOI) would have been more realistic - MC of $62.5M - about 3% or say 2.8 cents of LTR SP
DFS and plenty more to come, can’t see the masses rushing to LTR tomorrow to support this, but hope I am wrong - maybe the GOYDER EFFECT will prevail.
LTR represents about 70% of my share holding, so definitely not negative here, just my opinion on the valuation
Good luck to all LTR holders and M260
Not sure if 70% qualifies me for the revered HAC, but if there is an opening TR, I’d like to be member.