In my opinion (and I've tried to understand the complex arrangements) it is too early to determine fundamental value of X64.I think X64 has the potential to retain much of the 57c share value, but all that can be said, IMO, is that it may be more than 40%.
- The ownership of the mine etc may be 40% or considerably more than that.
- The other assets and liabilities in the Philippines are far too uncertain.
Cheers
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