To gain 50% of the upside of the main project, they will have to fork out about a billion bucks to CMR's free-carry.
They dont share in CMR's Uranium or non-Rum Jungle assets
They are also 40% owned by PRC and might be escrow so u have to adjust.
HNC's main markets are in PRC so u also have to adjust.
U shld compare CMR to its western peers and try assigning some typical PERs.
U have to compare granny smith apples with garnny smith apples haha.
If u valued CMR on just the billion bucks HNC has to fork out for half, that comparison alone is about 8 bucks a share for a debtless CMR nothing else included. U can see where Huntleys are coming from.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held