pandev
I don't sugar coat it....I disagree with what u say.
very easy for u to say the board is old and won't do the hard yards...utter nonsense....u expect them to pull a rabbit out of the hat...with $5b in it....won't happen in this environment ... don't matter if u a young board swinging front the fences...they tend to destroy shareholder value on fanciful exercises and grand plans that never deliver for shareholders.
this board has got us a result.
I don't value the asset on NPV basis. ...it's pointless....no-one does anymore...
its funny how we all go on about Npv, resource upgrade, first mover etc....yet I never read + $5b also needed.....
thats the key factor....funding.....and the world ain't awash with it at the moment.....the cheque books are back in the bottom drawer.
value is what the Market will pay....and what the market accepts
thats 45c.....if it's so cheap why has there never been a JV, a counter or any other corporate interest .... ever. ...
they all wrong?
the Chinese have won b because they are they only bid.... without them today where would we be....15-20c???? how's that NPV and old board going then?
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