Correction: I used the report from the 20/08 that was saved on...

Correction: I used the report from the 20/08 that was saved on my computer, there is a newer report which has an updated valuation, which takes into account the value added by progressing the company's projects with the funds from the equity raising. The valuation as of the company on the 22 of this month by arrowhead is between 14.8c and 28.5c, whereas Patterson's securities gave CXY a 12 month target of 20c on the same day.
My first post was purely a dilution calculation and did not account for value added from the extra funds. Regardless, the new data paints a better picture than I calculated in the first place.