Those who took up the 15c placement were huge winners, and no doubt those who take up a 28c placement will have a big smile come July. When this is 60c again some time in the future, we'll all wish we took up the 28c offer at 2-9. just like I wish I took up the 15c offer.
The copper and gold is still in the ground, we just have to share it with more people.
This is rough calculation, but if we hit 1.25 with approx half the shares (as pre GFC), we should be able to hit 62 with double. Ands thats assuming we're at the same position we were in a year ago. Given the development of other assets and the outlook, dont see why we can head north of 62c ish in future.
Short term though its hard to see how the market will take this. Depends how happy they are with GSJBW refinancing sorted...
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