So how does this work.1.) Low Marampa ValueValue of Marampa say...

So how does this work.
1.) Low Marampa Value
Value of Marampa say $200m
Cash from IPO say $400m
Total Asset $600m
CFE 25% stake = $150m

2.) High Marampa Value
Value of Marampa say $400m
Cash from IPO say $400m
Total Asset $800m
CFE 25% stake = $200m

Hmmm. I thought TS was mentioning larger figures for CFE from Marampa than this - or have I calculated it wrong.
FTs modus operandi seems to be superior.