re: ** takeover bid * screaming buy This takeover bid points to...

re: ** takeover bid * screaming buy This takeover bid points to how amazingly undervalued Orchid Capital (ORC) is! TYC is being bid for at $101m, and has just 855m tonnes @ 0.65% copper on its various projects. They hope to find another 500m tonnes.
ORC by comparison is valued at around $25m with $7m cash, AND has 5,500 tonnes @ 0.68% reserves with an additional molybedenum and gold credit which takes total grades to around 1%!! If you do the sums that means ORC should be about $6.60!!!!
The ORC deposit as I understand it lies neatly on system between TYC's deposit and the OXR Sepon deposit.
ORC are trading at 16-17 cents and the options which have a 5 cent exercise price are trading at a discount. It is soon to list on AIM and doesn't need cash for a while so no dilution.