Mate, get your hand off it.
The current MC has this at $68m. The option if taken up is around $57m, as either a liability or massive dilution or a combination of both.
Add to that the C&M costs. CE is pushing the line that the $8.5m is covering these, yet when you look back they were saying that Cold C&M would be a lot cheaper. If ongoing C&M is anywhere near the $8.5m similar periods then this becomes a massive albatross around the companies neck if Li prices do not pick up in the near future.
As
@Rob826 has stated, WR1 is not a charity, NO strategic is going to do WR1 any favours. The best deals are made when there is blood on the street, look at PLS picking up AJM as a perfect example.
(20min delay)