This is how I read it, be warned, this is not advice and I could be very wrong, have been in the past, will be again in the future.
CHM entitled to value of Grimaldi's 10m mmx shares, between $15m and $30m. CHM entitled to an amount equivalent to approx 25% of the difference between the current value of Jack Hills and the cost including development and financing costs to get it to it's current value.
So, this is where the forensic accountants will come in, I don't expect this to be a massive windfall to CHM, however, it will be considerably more than $1m. Time will tell.
CHM Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held