sdl's takeover defence, page-7

If they were successful at 50c IMO that is a cheap outcome.
With SDL,s $65 base Hanlong,s ability to affect iron ore prices will seriously impact on BHP ,Rio,Xstra etc.
If I was them I,d put up a fight that would force Hanlong to pay very much more ,thereby making their(projects) cost such that it would raise considerably SDL,s Base $65 per/ton.