throw your media reports in here, page-18

Yes, the author said that and I also said

"As I said - its not a fixed formula - there is a premium on offer if the co is a takeover target, if the co is in production etc, if the co has a BFS."

However, still doesn't approach that figure of $6 EV/t and I'm certainly not trying to ramp it to that level.

However, like I also said - companies are trading at over $1 EV/t - so best not to compare CDS to Macarthur. Best to look at co's that are comparable and go from there.

Comdek have brought in two guys who took a co from a micro cap and sold it to XStrata for over a billion. These guys are big hitters.

I'm not trading it - These guys have been waiting for a while to JORC up this resource and to go in and drill.

Best of luck with your trades.