The takeover might come earlier than you predict.
I suspect the Chinese are ready to pounce once the trucks start hauling to the port (due diligence all done based on highly detailed data prepared by various fund analysis / managers and coupled with lower Australian dollars)
The $1.15 price or around $2.0 b tag should not be too far off the mark.
If that happen, we will all have a very, very good Christmas and New Year !!!!
GXY Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held