what we might expect as an opening offer, page-11

Jako,

Way off the mark with latest thought. SOL and EXCO will never make a bid for EHM (Its huge and they are now going underground). However as me (and everyone), your trying to come up with some scenario.

Everyone seems to be forgetting about Sin Tang 10/8/10. They didn't come into the scene just to fade away.

Like everyone I thought that exco would get into bed with xstrata, and for the last three years I've been waiting for this to happen.

My guess SOL want in (1) for copperchem's future, (2)Mr Mulner is impressed with EXCO - for the future, his' history is usually long term.

Copperchem will never be able to cope with all the ore. But what a great way to start, until a stand alone operation can be worked out with Sin Tang. Remember copperchem (Tennant) and EXCO have other areas of common interest.

I'm probably dumb, but I can't work out why Ivanhoe would make a play. They're busy with other projects, and trust me I like them as well. Maybe they can see a big future in EXCO hence their current standing. Just maybe the future is bigger than we all understand.

Oh for a crystal ball.

Cheers
Redwheels