csm has a mcap of $620 million at $2.72.
csm has a 27% stake in jml.
this stake in jml is worth $173 million at $1.47 per jml share.
jml has plenty of legs left with production only days/weeks away and benambra on the horizon.
the market therefore is only valuing csm's manganese, chrome, nickel, holding in bci etc etc at, wait for it....
$447 million.
and the board think we should sell 60% to gilbertson for squat.
go figure!
