Great post PP.
There’s another;
d) The AUD beaten down into the mid to high 60’s.
I can’t find it but some years ago I had a little metric borrowed from a Hardman and Co. report which showed exactly how each 1c weakening of the AUD against the USD raised the NPV.
It’s substantial, even in the low 70’s. I see $0.75 USD as quite conservative considering the current economic climate.
Takeover??, page-58
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