Marked to market valuation today

"we sold the resource in the northern tenements for $280 million, which implied a measured and indicated resource value per tonne of about USD 177"
Thus the remaining resource before any further drilling and resource definition is worth around US$724mio (177 x 4.09MT) or A$1020mio

Add A$450mio cash and liquid investments then valuation is at A$1470mio not even including MC or JB or A$3.60 per share

"If you look at it, our balance sheet in the next month will have approximately AUD 450 million in cash and liquid assets available to the company with no debt, a very strong position for the company to be in"

Not advice DYOR