AGM australian governance & ethical index fund

resource upgrade, page-19

  1. 14,880 Posts.
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    "10% increase at what cut off grade?? .00001% nickel was it?"

    0.4% cut off and remember AGM's nickel is as pure as it gets. 0.4% at current prices is more than viable.

    Despite that, I believe ZFX will up the bid to $1.20 after talking to AGM and Jinchuan and that will be a 100% premium to where the stock would be without the bid. Talk of $1.50+ is fantasy. No-one is going to pay 3 times the market price before takeover talk began. I'd be stoked if they did, but it just isn't going to happen.
    The 2007 delay in production has cost AGM shareholders plenty.
 
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