lcy value after the deal

This is how I see it.

Let assume NMDC paying $40m for 50% stake of LCY via new share issue. It is effectively pay $40m for 30% Mt Bevan and 50% of all other LCY's projects.

Let me assume 50% of other LCY projects valuing at $10m to conservatively come at $30m for 30% of Mt Bevan. This will effectively value the current LCY (without new share issue to NMDC) at $30m x 2 (as currently LCY hold 60% of Mt Bevan) + $10m = $70m. Imo, LCY should jump 75% on $40m deal.

This also value HAW at $40m based on its 40% stake in mt Bevan alone (let ignore gold projects for now). If that is the case, HAW will be trading at 0.026.

Please feel free to discuss.