CHM have 1.6 billion shares and options so MC would the $3.2 billion, which is about three times MMXs current MC.
The claim is for (whole or part) of about 40-50% of their resource, not for the equipment and plant (which MMX would sell/dismantle), the deals and infrastructure rights, the joint venture partnership in place, the drilling data, the mine planning studies etc. They have no claim over the infrastructure rights.
In short CHM have a claim over about 25% of the value of MMX, and you expect the market cap to rise to three times that of MMX!
EVEN if CHM get 100% of Jack Hills the SP would not rise beyond about 20-25c as they have no money, no equipment, no overseas backer, and no right to bid for the infrastructure.
CHM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
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