Ann: EUR Merger with NASDAQ Corp - Equity Consideration US$750m, page-40

Implied pro forma market capitalisation of the combined group of US$972 million. Some people are missing the concept , the deal implies an aud valuation of $1.536 Billion . This does not mean the real valuation when all announcements , particularly the BMW offtake , which EUR will use the selling price in their DFS ( ie market rate possibly $75,000 USD a tonne ) CXO is currently valued at $2,744,255,187 and only has an annual production target of 1,000 more tonnes than EUR . See the below discrepancy . Note the percentage collum is top 20 ownership .
.100

1		EUR	1,400,239,175
2	EUR	1,400,239,175	$0.100	10,500	69.19%	$140,023,918
10,500	69.19%	0,023,918
3
4	CXO	1,805,542,886	$1.52	11,426	31.89%	$2,744,425,187