Thanks Bill, If I recall correctly the MMK takeover offer/ price...

Thanks Bill,

If I recall correctly the MMK takeover offer/ price was recommended by the board with the support of an independant valuation.

Since then, many of the fundamentals that the above valuation relied upon has significantly improved. The only negative factor since then is the current ore price, which can rebound and in all likelihood will rebound - and we are talking about a 30 yr project!!

Any takover offer (which before it is accepted needs to be independantly valued) will need to factor the current resource, NPV, transport MOU, and progress with relevant govt departments and key stakeholders.

If it doesn't, IMO I cannot see how there could be a recommendation from anyone to accept such an offer.