Forgot to add BGL MC is circa $2.3b to $2.4b and Matty on MoM...

Forgot to add BGL MC is circa $2.3b to $2.4b and Matty on MoM expects it will go to $3b or so if they meet targets on the $400m EBIT. And if SPR equals or exceeds 200k Oz pa or more this gives one an idea the potential upside in the SPR SP is substantial - ie 3 times from todays level.

I find all the chatter about a TO for SPR a bot odd. BGL and DEG also have projects that are equal or maybe better than SPR but SPR may end up being better than BGL and there has been no takeover for either.

If the next MRE update is good and the reserve is good then I can't see the SP being below $1 and maybe even $1.20 is possible in the short term. Such a SP would make any TO needing to be worth circa $1.5b - big TO.