I think others will have a better handle on that than I do, although value will be determined by the underlying business drivers of both companies.
In the case of IGO and MM8, IGO is seemingly trying to make the path to acquisition painless. Recent negotiations removed an initial up front cash payment, and replaced it with a smelter royalty. Removing a $50m liability from your books is apparently the underlying value driver for IGO, while getting into production quickly, at a lower cost, and without all of the approvals that a new build attracts is driving MM8.
Who knows what represents value to Vault - is it rehab liability, is it realizing the cash value, would they take a stake in WA8 as part payment? What condition is the mill in - i don't know.
The original MM8 deal was capped at $35m (from memory), so maybe that has relevance?
The IGO Mill is 1.1m tpa processing, and others have posted that Deflector is 0.8mtpa
WA8 Price at posting:
10.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)