The asset wouldn't be sold for that...
A more likely scenario since AJM looks like it would be making a little money if it had no debt is this... Sell 50% for 100-150 million. Then have a CR to pay off the remaining debt = debt free with a mining operation already running.
If spod prices go up only 100$ and you own 50 % of the mine, you get a 50$ per ton increase on what you;d be making on today's market prices, even whilst owning less of the mine. All future upgrades will also cost half so if capacity doubles = You've got the same capacity you had when you sold 50% of the deposit.. Lets not forget added expertise that would be onboard if this was to occur and the debt repayments that would vanish.
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