risk vs reward, page-24

I'm not for one minute suggesting this share is going to get to it's true value. What I am saying it the South Africans will not be giving it away to the Chinese at 27-34c. They don't have too. But if dinghi come in with the same offer as last time including the options I think that's a figure of around the 52c mark. Since then elm have proven up a bigger resource so I am very confident that would have to be dinghi's starting point to kick off negotiations.