surely there has to be a higher offer now , page-10

two weeks closer to production???? so what?
70c was based on production.
production is not a magic genie in a bottle....many companies in production have dropped 20% since xmas.
you are holding on to dreams of production that will be met with disappointment. Look at PDN and their transition to production. The price went down savagely.

Multiply 200,000T by $30,000/T. That's about $6b big ones - and Jinchuan has a contract to buy it all - silly to sell,
or rather multiply 170,000t by $25,000/t and you have $4.25 bill or even better use a long term average of $12500/t and you have $2.125 bill.
This is not that big.
TZN have $5 bill plus resources at long term zinc prices of $0.80c a pound and they are $300 mill company.

You guys, like management, fail to offer credible valuations ....only bluesky back of envelope figures.

cheers