What Market Cap do you think ARH can justify post deal with Palmer. If you forget about share issues/dilution etc and just focus on Market Cap, it is easier to understand (well for me anyway as the deal terms are unknown).
FMG market cap is currently A$2.5billion and they have some pretty major cost hurdles eating into their project economics. Now I am not saying ARH can justify anything like this market cap (well not in the short term anyway), but surely $500-750milion is not our of the question, perhaps even 1 billion if they throw in announcement of a sales deal with India.
Interested in others thoughts.....
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