0.4*NEM/AUDUSD + 1.1/AUDUSD
currently => 0.4*51.09/0.665 + 1.1/0.665
equals $32.38 current implied offer value
and 29.6/32.38 = .914 or about 8.6% discount
Over past month the discount has fluctuated between 5 to 10% of implied offer at the time. So we are pretty much trading same-same, though Im watching the share price continuing to slide as I write
Ann: Revised non-binding indicative proposal from Newmont, page-34
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