wpg and tty

Noble group just made a cash take-over offer to TTY, value TTY at A$132.6 million.

I had a look TTY:
1.Resources 9.2Mt @ 58.0% Fe, Ore Reserves 5.1Mt @ 58.1% Fe
2.In production, around 0.5mt/annum target
3.potential to increase DSO resource

For WPG. Market cap around A$200 millions
1.Resources 37.6Mt @62.8%, Measured 25.7Mt @ 63.1%
2.all approvals due July, 3.3mt/annum
3.potential to increase DSO resources.


No mention WPG has additional 670Mt@36% resource, 270Mt coal, another 200Mt-300Mt shortly.

When we get approvals, watch the space.