RE:RE:Time to light the fire under WPX spIt is my understanding that the revised mine plan / scoping study is the specific asset at play. As in the suitor would cough up $80mm to have a JV structure share of the 146,000 annual production for 12.2 yrs as per indicated in the study. Which also states other assets ( meaning the millions of other inferred resources etc ) are not part of any deal. Although the suitor would have the potential to access the other reserves for $$ compensation in the future. There would have to be a separate share class to represent the suitors interest to ensure WPX shareholders maintain the value and control over the vast majority of the resource indicated in the original study/mine plan. Think about it. 146,000 production at $315 would gross 46mm annually. Net ( after $230/t for op ex, transport etc ) is roughly 12mm annually . Or at 478mm shares is .0259/share at 15x is .39 a share value. Although, the "suitor" will want their original investment back $80mm + built in return so WPX shareholders wi be low on the pole to share in said profits . Especially is the "suitor" has 51% control! If based on the numbers staying static over the mine life that's 150mm roughly in net profits . How much will the "suitor" take back ? 120mm ? Leaving what in the Co for its own development ? this offer is in my opinion a shot in the dark and a waste of time by the Chinese investment co. They had a few days to thoroughly review the revised plan . Any sensible firm or other interested party would take numerous weeks/months to make such a consideration for a proposed deal. Unfortunately the "devil is in the details" which we will not be privy to quite yet. I'm sure not will comment on the offer at the appropriate time to "recommend " to shareholders their position regarding shareholder value etc. additionally consider that China blue / management & directors hold something in the 32% range of the outstanding shares so they won't flog off this asset or control. Not to mention institutional holders and larger investors like Zimtu capital etc. Mgt has spent well over 10+ years building this thing and I highly doubt they will scuttle this ship. There's no way this "offer" contains any value to encompass the full assets of WPX . Legacy fold a few years ago for almost $500mm with a similar asset. Yes, it's a different market but not at a 76% discount ! WE Still have the vast majority of the asset in our control. The purpose of this revised plan is to prove the economics at s low risk. With the built in option to expand and that right in itself is worth plenty. Lots of garbage getting posted here by few with any knowledge. It's sad to see but it's the nature of BB's. gLTA!