Now twice the shares on issue (so halve that to 64c/share) then add 15c/share for cash in bank ($150,000,000) then add some premmium for increased gold and copper price between time of last bids and now and some more premium if the open cut mining ban is resolved during currency of a new bid.
A final bid of $1.00 is possble imho (maybe with a 75c initial bid).
I hope Happycats bought...wouldn't want to see an unhappy pussycat.
IRN Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held