this is real

10% free carried interest in SPM means $4 million added value to CSD today.
But the real value is the processing mill is at door step of CSD tin projects, this mill may take years to build at costs of $100 million plus. It was impossible for CSD to do this.......but now it is real!.
Gillian has 24,000 tones tin at higher grade, say to share 50% with SPM that means $25 million profit to CSD in next 4 years.
if I use PE of 4,that values the company at $100 million or 50 cents a share or 40 cents after exercising the options.
DYOR