STT will hold about A$17m worth of the new combined entity Defiance Mining, when their SBM shares are swapped...and their Midas PLC shares will be swapped for approx $9m...so all up if Defiance trades up to expectations STT will hold about 26m worth of shares.
So STT may well prove to be undervalued right now...esp if gold closes over $355 an oz any time soon.
just my opinion. cheers.
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
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