RE:RE:HELM strategy is to wait for Bank Approvals before BUYOUTThey have a NPV of $ 350 million on one module alone (from memory).
Buyout price will have to at the very minimum cover this NPV value + whatever value there is for potash, patents, goodwill, etc...
It is difficult to put a price tag on it, but at the very minimum $ 1 per share, would not be surprised to see $ 1.50 to $ 2.00 per share.
For Helm it is worth the buy as it guarantees them potash for the next 100 years, no more buying from third parties, they get to lock in the price and, also get to sell extra unused potash to third parties that will be a revenue generator for them.
This is what I would do if I were Helm. Wait for financing, then risk is NIL, and then proceed via buyout to get everything to yourself.
MPO