T4P, that was an excellent post. thank you. It shows the road...

T4P, that was an excellent post. thank you. It shows the road ahead quite clearly. The only comment I would make is that CVI and Tunberry could have brought more certainty to this deal if Tunberry had of just settled for a fixed percentage of CVI (say a third) regardless of what the NPV turns out to be. If the asset is that good then wouldn't CVI market cap increase even if it was later rather than sooner ?? Tunberry would eventually get their value for the asset.

I s'ppose the way they are doing it will bring price (and value is a given either way) to CVI quicker. The only other plus I can see is to appease the Tunberry holders in the short term by assuring them that they are getting a good deal by CVI being worth more before the deal goes through.