If share price reflects $1 per ton after deal done with...

If share price reflects $1 per ton after deal done with Mineralogy, then ARH will be capitalised at approx $1.1 billion. (current cap $100m @ 15c per share)

Then, allowing for dilution of ARH by say 70%, then cap of existing shares would be $275m or about 3 times 15c share price = 40 to 45c

Firstly, I have no idea whether $1 per ton is anything like the right number - could be 10c or $10 for all I know.

Secondly, I have no idea if 70% is a fair dilution to assume.

Any thoughts?
ps I like the look of 45c!