It is that simple.Dear Sulpides
You are 100% correct with everything you have stated. GBK is in the drivers seat. The longer JJ goes without buying GBK, the more they will have to pay later as the risks are removed and revenues are realized. Its worth 1 dollar right now but longer term the value of this project could grow substantially and thus the value of GBK's 25%.
And managment has done an excellent job because without them GBK would have nothing. Now we own 25% of a world class mining project which is sceduled to produce hundreds of millions in profits.
I personally hope JJ does not buy us out. We will see 2-3 dollars longer term if they don't.