Given my one minute to think about it ...
Doubled their offer to get 100% of project value.
Used a ratio of that to current MC proportionally on the current SP.
Quite happy for others like yourself to go ahead and spend a few hours working it out "more accurately". My buy in price is an average of 12c, so I'm not that fussy about being accurate.
Ann: Kidman and SQM to form Mt Holland JV, page-10
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