WMG 1.82% 27.0¢ western mines group ltd

@Walkeddownthehall - thanks to AI or google for that oneXstrata...

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    @Walkeddownthehall - thanks to AI or google for that one

    Xstrata made a $7B bid for WMC in 2005.

    In rejecting the bid, the WMC valuation by Grant Samuel attributed 60% of the value to Olympic Dam, 30% to Nickel West and the balance to phosphates.

    Now Nickel West was a series of mines and concentrators, a smelter and a refinery.

    So when you misinformation plonkers start posting about BHP's successful $9B bid and attributing most of that value to Nickel West or even Mt Keith alone you are being most misleading!

    Mt Keith's value in that bid? I don't know, $300M or thereabouts. After all concentrates can be bought to feed smelters and refineries.



 
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