now for a valuation reminder, page-3

or why do you not just do this:

$140m less tax $40m = $100m/284m shares = 35c cash backing. Where is the share price today - pretty close.

Bought some at these prices - risk/reward decision, how much are you risking?

Producing something at present will buy something sooner or later and if can save tax then only up from here - I am sure will do everything to minimise tax. Small downside huge upside not going broke anytime soon - just sit and wait. No guarantees management can pull it off but did put $156m in the bank so assuming have some idea of what is going on.

Wish you all the best.