Could FML take another bite at the cherry? Previously interested and have commenced works to restart the mill.
Would probably be able to do a better deal this time around and it could be opportunistic timing, then there's Lake Goongarrie which may not be a totally lost opportunity down the track.
FML cashed up $20m plus, only need to do an all scrip deal.
Another offer would at least have to better the BTR valuation.
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Ann: BTR: Strategic Merger Presentation, page-39
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