xstrata walk, page-29

Hotfire, you are absolutely right. XStrata want the lot. Eric Hughes said it, and it is logical and makes sense. O.K. then it is all about price. Hotfire, your figure of about $270M is probably pretty good. That translates into $0.52/share, then add in Finland, for a total of around $0.80/share.

And any other mineral potential is just a bonus to the price.

Lets face it, XStrata agreed by June 30th to exercise the option. They have had a month to end of July to disagree on price, all August and part of September to not agree on an independent valuer. No, they don't want an independent valuer, they want to negotiate. The September 7th date on the Glencor merger is a factor.

A decision should be next week sometime. If agreement is reached, XStrata could be earning from Roseby by years end.

And after the sale, the next move by Altona will be vitally important for us all. That will determine where the company goes.