I see. And I appreciate your reply But gxys MC of $1.25b...

I see. And I appreciate your reply

But gxys MC of $1.25b consists of a lot more than just mount cattlin right? I think mount cattlin is actually the smallest value asset compared to their other assets in james bay and sdv?

I understand both james bay and sdv is still a few years off from producing.
But still I'd think considering their higher potential compared with mount cattlin, should atleast put a value of about 50% on their MC for those two assets at this stage?
Which leaves mount cattlin about $600m?
Half of that would be roughly $300m. (Taw)

Still very good, considering we're only sitting on a little over $100m mc. (If there's no foreseeable significant dilution) (if someone can enlighten me on that part)

But using 50% of the Entire gxys mc with all their other assets to value taw at this stage is a little ambitious?