The potential for billions is locked away in sxp's basin
ceo and board would be silly to let it go without further
investigations as to true value ( could be billions in market cap)
Copper basin just a couple of hundred kilometers away - look at the value of copper basin over so many years
sxp's basin could be the same.
If i was on the board i would elect a do not merge and keep going forward and i'm sure there will be plenty of suiters that will surface in the next few weeks.
bottom line for the board as far as i'm concerned is do not merge - sxp has just to much potential to give it away at say a merger premium price of say $1.00 or more.
Could be taken over for $5.00 in the very near future soon.
SXP
sapex limited
sxp is worth 1 or more billion market cap
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