possible clue to asset sale price , page-13

Copperhead, unless the SDL tender is a manufactured event (in which case the SDL board should start getting ready to do prison time) or that somehow the so called "market" knows the deal has fallen over (since about 10 months ago....LOL), then (IMO) something in the sp fundamentally doesn't quite - lol - add up when looking at the real world where assets are bought and sold at real prices.

Real market transactions based on demand and supply don't lie.

Take the case of commodity traders who buy into the asset for their share of offtake.

If the likes of itochu and mitsui (who paid $1.5 billion to bhp for 15% stake for jimblebar - implied value at $10 billion @ 100% = 33+ TIMES present SDL MC) are in the mix as offtake partners behind the euro led bid, then the SDL published EV for mlabam-nabeba in production status has a solid basis.