Imagine RIV being involved in a TO where the offer is 15 times earnings as was the TO offer for CEY..... Snippet from article
Banpu's bid for Centennial was pitched at about 15.5 times forecast earnings for 2011, topping the multiple of 13.3 on U.S. coal Peabody's best offer of A$16 a share for Macarthur Coal.
http://www.reuters.com/article/idUSTRE6742F220100805
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