magee - if you go back a few months and look at all of the ANNs about Copperco ( old news !! ) you will see the amount of value from the various bits and pieces that TS picked up . Probably the largest was indeed Lady Annie ( about to be spun out for >> $ 175 m ) but there are also well abpve $ 50 mill in other holdings . All this is easily obtained by minimum research - it's no secret .
lady annie ipo, page-3
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