Still too low, page-7

I think their may be an element of truth in what you say ...clearly RMS aren't going to commit to a deal that has nothing in it for them .

But there are synergies .

Because there is some upside (as a RMS holder , there better be) in EXU resources doesn't mean this isn't still the best way forward for EXU .

Clearly those large holders who don't wear rose coloured glasses believe it is .

I don't know your background but wonder if you have the resources to analyse the situation they have .

Also clearly from recent results MACE has been hyped too much .Seems likely plenty of room for improvement in grade and size but even a five fold increase still makes it small .

But if the ALK offer does get passed I for one won't be too upset as the whole thing is starting to look marginal from a RMS perspective .