is kerry stokes a miner?, page-4

So while we are speculating.... What would IOH stock be worth in terms of FMG scrip right now?

My best guess, based on a couple of things:

FMG has recently charged back up over $6 - could bounce around that level for a while.

IOH is in the doldrums a little at $1.60 we all think she is undervalued and we know that a takeover deal would rightly bring a much higher price.

So... At the moment I would speculate the deal would be around one FMG share for two IOH shares - making the deal worth around $3 per share for IOH holders.

It's possible that we could do better than this... But I think that number is achievable and not OTT.