Ok then let’s do the exercise, what’s MMR and BPH worth once Pep11 is denied, we’ll MMR has no other project to speak of so it will be a Shell pricing so let’s call it current Cash being MCAP which actually is generous, because DB will have to spend all that to keep MMR listed !!!!
And BPH has 2 cash burn lemons it needs to support in a world of no Pep11 !!!
1st cash burn lemon is torquise Hydrogen investments, which is basically valued at a liability imo !!!
And then for BPH we have Cortical Dynamics a project with nothing but a bottomless pit of cash burn decade on decade with Zip results and before it gets approved is superseded imo, so a zip value in reality in a tough ASX market so BPH is due a 0.006 SP in the Short term for a cash burning shell with over paid management, and MMR with the same cash burn management valued at 0.002 imo when Pep11,s Federal Government intent to deny is exercised in the ST imo, as they our Federally elected government in Australia have fore warned the market of !!
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