Ann: Revised Nyrstar Proposal , page-20

I think we will see 0.30c and I reckon Pem maybe a player at these low valuations as there would be plenty of cost savings for them. I think 0.40c is a little way off as Toho don't seem to be the type who will pay overs and Nystar have already shown they will increase there offer and I think they a getting into the more serious ball park as obviously they have been doing there research in the last couple of months hence the lift in there bid. They originally tried to steal the company and now that Toho have shown there hand it should be game on