valuation discussion thread, page-25

- Jubilee with similar sized Ni resources to AGM was valued at $2 billion during it's take over, thus in retrospect the ZFX offer is nearly 66% short.


i beg your pardon?
i can only find where JBM have 540k tonnes of high grade nickel not 170k at low grades plus they are profitable on low future PE paying nice dividends already.
Use JBM as a measuing stick and i think you will find that give or take abit this offer is fair.

AGM are just haggling over price and $1.50 will be out of the question.
ZFX are not alan bond and AGM is not channel 9

sorry
andrewe