Hi Joewolf I got the impression the Xstrata sale of 19% was conditional on there not being a better offer, thats how it read to me. I agree Melua a good return in less than a year. But for the size and quality of the asset and the out look for copper gold and molybdenum the price is very cheap in my opinion. The buyer is the largest gold producer in China it can easily afford the price and development costs I would think. Seriously considering not accepting, may do little good, may cost me.
IRN Price at posting:
$1.09 Sentiment: Hold Disclosure: Held