I agree LADA will be the driving force behind a possible BO. If, and it's a big if, BP thinks the milestones are Rock solid to come through, the most CYTR could get is 80% of the value after taxes IMO. Odds are, if it's BP, they are making money, so using aldox as an example - if $363M is sure thing, after taxes it would be around $286.7M. But BP won't pay dollar for dollar or no upside, so probably 80% or around $230M.
More likely, if BO, it will be for LADR + CVR's for current products in trials. Just throwing in my 2 cents for what it's worth. No doubt a BO would significantly exceed the current MC. By how much I really just don't know. All just my opinions and I am no expert! Good luck to you and everyone else. Better days are coming!