Well they wanted 51% ownership without anyone else exercising their dilution rights.

So that adds 162 million shares plus outstanding options and warrants so let's say 600 million shares.

CCCC handles all financing and construction. If we assume this is MOP only and let's say real NPV (lower MOP price than in the PEA) is about $1 billion, that's still $1.70ish per share.

If they produce SOP that's over $5 per share, assuming NPV can be realized.

I don't know about anyone else, but I'd gladly wait 3-4 more years to fully realize NPV.

At least this is out in the open now.

My biggest problem here? Shareholders were not even informed of the competing deal nor given a chance to vote on it.