12p is approx 28c, page-2

If it was on the cards pre-production now would be the time with what must be considered the final form for the project surely.The only other thing a T/O initiator might want to see would be the finance.There could be somewhat of a discount pre-finance but then it could be a difficult T/O at anything lower given how long some have been sitting on this only to see a 20c T/O.

I dont think JT would be keen on either and there would be others here that would see such a happening as almost corporately sacriligeous.It also might not fit with the recent options goings-on.

But then a T/O doesnt necessarily mean that the current guys get the old muddy boot.In fact whoever might T/O might want to keep it just the way it is.

Now who would we put at the top of the heap that might want Gip?Any profit will be a good profit in the next couple of years one would think.