With last nights NEM close and exchange rate right now 0.677 and 0.4 NEM per NCM gives $28.45. Don't forget there is another $1.1USD on top of that (fully franked). that's another $1.62AUD (or $2.32AUD gross before tax paid). So total offer currently right now equates to somewhere between $30 and $31.
Ann: Newcrest and Newmont enter into exclusivity deed, page-75
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