Takeover, page-4

I don't see how it could be worth less than $2, and more realistically at least $3. All depending on more drills from Boda, but Tomingley is worth $1.50 IMO (I've said $1 minimum before but that's just me being cautious). Red Chris went for over $1b for 70%, obviously that's an established mine and bigger resource ATM, whereas Boda is a lot less remote but probably smaller, but $1b gives you a ball park figure which is an additional $2 give or take. Plus ASM, which I don't really attach a big value to, maybe 50c tops. So there's $4 without much stretching. I don't run a big company or know how they do their figures, but surely there's a premium for a Tier 1 ore body and Tier 2 mine in a jurisdiction with low sovereign risk...