NEU chart, page-316

The way I have looked into calculating the minimum worth of neuren is mainly from the US deal.

From presentations you will see that there are two components to this:
1) The tiered double digit royalties
2) Milestone payments

Royalties: Conservative, simple calculations from my part is around $30m USD for 10years.

Milstone Payments total up to (10+40+33+350) = $433m USD.

Assuming an exchange rate of 65c

WITHOUT ROW = That's a bottom line income of $1.1b AUD at 65c exchange rate.

With ROW it's anybody's guess, but my guess is it'll be pretty close to the US value.

Give or take, our cash balance and other assets, NEU should be $2b minimum (ofc on the condition that we get approved, and ROW deal is pretty good).

Divide this by 126M Shares on issue we get close to $16.

Of course upside is massive. My calculations are simply useful for the purpose of knowing the approximate, minimum value of what I'm holding here.