SPM's investment value is black and white,how much SPM is...

SPM's investment value is black and white,how much SPM is willing to value CSD is the key argument.
$55 million(half the NPV after tax)is more likely figure to adopt that means SPM to contribute $15 million to the JV for its 50% share IMO (I don't see this is going to help very much to SP).
Merging model is the better way to work on,valuing CSD and SPM's investment both at 20 cents a share,this should improve SP immensely.
As CSD owns 10% of SPM,therefor,20 million shares (10% of SPM)should distribute to existing CSD holders free of charge.
Merging is the better way as going forward,if it's not ,then another JV around the corner when CSD discovers none Skan resource?.
SPI will own 50million plus shares after exercise the option,SPI wants to see high SP as much as everyone else.
SPI will achieve it's goal by helping others to achieve theirs.