I am not an expert on the warrants but I have spent a bit of time trying to understand how or if we get or make money on them
My take is if there is a takeover/purchase of the company that is at or less than the bankruptcy valuation the warrants are valued at $0 and go away. I seems to remember something like $300-400m
Our best bet of getting value out of the warrants would be the restart of the mine and the company going public. Once the public valuation exceeds the bankruptcy value then our warrants are in the money.
I could be completely off base but this is my read on the documents I have read.
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