. In each of these scenarios we assumed a reduction in MACE of at least 25%......... current total value should be of CAD 3.5-4.6 billion, or CAD 17.50-23.07 per share.

OK, if they are assuming 25% reduction, then US$2.5-3.3b doesn't make much sense. For several reasons, 25% will give RVX a bigger market cap than AMRN's current ~US$6b.

Doesn't really matter, I guess, because assuming 25%+ is just fantasizing. They have no more idea than the rest of us....