xstrata poised to strike a deal with nkp , page-29

MACLEOD that figure was not "my offer" it was simply a realistic figure as to what I believe Xstrata could get us for at the moment. I agree that NKP is well undervalued at that price but lets remember that $1 billion would equal $1.60 per share and I could not see alot of shareholders knocking that back. If you honestly believe that any takeover at the moment would be above $3.00 per share I think your dreaming.