Ann: Ramelius Makes Recommended Takeover Offer for Breaker, page-94

of course the reason RMS aren't offering top dollar , as they have a record of doing ....is the structural complexity of Lake Roe .
Strip ratio to me doesn't appear good for most of the resource ...in fact a good part of that resource will never convert to reserve unless there is a very high GP.
Then there is the underground which is higher cost and not all ore body of suitable grade for that .
Tom way oversold this deposit from the beginning and many here are still stuck in that wishful thinking rather than the reality of what a deposit costs to develop in time and dilution .

Hard fact of life is BRB was priced in the 20's for a reason .
Those two large holders agreed to the deal for a reason.

The test is if another offer comes ....I doubt it will !