Thoughts on Share Holder Value after Consolidation

This has been Reworked from a LSE Chat Forum contribution
Possible Scenario
CD capital, as the majority shareholder (51% already, could be 70% on further execution) agree (again likely post feasibility/further drilling) to sell LCH to a big mining producer e.g. BHP, RIO etc. and receive a cash settlement. That cash settlement is paid to Hampton (being either 49%, 35% or 30%) as proceeds. Hampton would then distribute 90% of that cash to us as shareholders (likely by special dividend,) six months after completion, (completion of what the sale?) pro rata to our Metminco shares. In their last Q&A they gave an indication the starting value of that settlement being $290m. So if CD fully exercise that would mean 30% to us being circa $87m. 90% of that is $78m. Very crudely, after consolidation which takes us to 91 million shares and if they keep $20 million to pay themselves and develop Miraflores, that would equate to a special dividend of approx AUD $0.63 cents a share and you still keep your Metminco shares.
Am I totally wrong and have I missed something?