MorayEelIt doesn't really matter what the value of BMD Hammerstone assets is__with Tricap/Brookfield Asset Management firmly at the reins with their debentures they are notorious for hard nosed takeovers on the cheap__and existing shareholders will very likely end up with nothing once the dust settles.
Thus Tricap will be paying pennies on the dollar to get the fully developed/operational Hammerstone limestone pit.
Unlike Athabasca which paid dollars on the penny for the AMI gravel government contracts at the peak of the markets last summer__and thus have saddled themselves with a suffocating 9 million dollar bank demand loan and millions of dollars of worthless GOODWILL so called assets on their balance sheet.