If she (via Hancock Prospecting PL) , as stated in last...

If she (via Hancock Prospecting PL) , as stated in last Saturdays Adelaide Advertiser business section, is sitting on $20 bill in cash, her only 2 decisions are -

do I want control of AZS (& therefore control of the mineral deposit - subject to what I presume would be the JV agreement between AZS and Creasy's co) - ie 50.1% of issued shares
and, if so, when do I want it?

the answer to 2) will determine her TO offer which will be $3.50 plus x% - where 'x' very dependant on status of further results but (my guesstimate) would be not less than 20%.

SQM have the right to match her offer if they so choose so that would be a factor in setting the value of 'x'

Just my thoughts