Regardless whether there is a "blowout" in the capex or not, the...

Regardless whether there is a "blowout" in the capex or not, the NPV with a spod price of US$1500 gives a positive NPV, which roughly translated to $1 per share value to shareholder. Further a payback at the low spod price of 1.7years. Getting finance for this OR preferably a reasonably fair takeover price nearing $0.80 to $1, should not be that hard. The IRR% was from memory ~40%. Great value for MIN or like who have a plant nearby.
Could someone please explain the break fee, why there should be one if their offer is so low? I realise there is a cost of due diligence, but surely that is a cost of doing business. Obviously, ESS sought this takeover out. Understandable considering a relatively small resource, but the IRR% is excellent for a short life. Many ways to look at this. Obviously better value for a neighbouring miner with plant already churning.
This is strange in a few ways, I'm sure there will be a few more turns in this one.