takeover???, page-15

re: takeover/ real reason production is 18 months away minimum, I moved on from this a while back, it does not look as rosy a deal as it did since they like several other smaller iron ore hopefulls have procrastinated on the BFS.
One point they do still need to build a sea wall similar to Cockatoo, (PMM).
Management suffers credability with having Matich on board after the disasters at FXR regarding downgraded cash flow forecasts.
I would re enter around 15 cents present cap seems too high compared with RMI based on a NPV basis.