As per my previous calculation, I now estimate the underlying MC share value has dropped to $750m (+$850m mitsub has and will pay). This means the MC for half the Jack Hills operation is less than the $850m mitsub is to pay. One would assume Mitsub think they are getting a bargain basement price. The current market is getting a further discount. This all points to a buying opportunity IMHO.
Do your own research
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held