After a JV ....then what ? Ok you die hard believers will never give up so let us assume they avert bankruptcy with a deal in hand
The best deal will be a large corporation with distribution assets that will invest direction into the Sask plant with the required 65 million and contingent on that success they will put up the 130 million for Minot.
In that case BXI will probably have. 50\50 split of future profits as they provide no cash up front.
There will be time to needed to refurbish and retrofit the plant and then start production and then sales and then the profit potential after consumer market penetration
The near term price of a non buyout BXI would be a market cap of 125 million based 2 x the value of the plant with its potential and with the shares out that would be about 50 to 60 cents but when you consider they gave away a 50 % cut profits and are in a partnership agreement that would be cut in half to 30 cents
From here those that bought at 10 to 15 get a double and the others will have to wait about a year for the Sask plant to prove itself and Minot to get going THEN you might see $ 1.00 If there are no glitches from GEA report th actual output AND the market accepts it.
There Is a chance of a deal but no panacea of instant riches for either parties until the product is produced and sold and profit margins delineated.............and if there is no deal by Christmas then it will be Christless CCAA