I think the best deal for the Mongolian assets would be for TMK to make an all scrip offer for Scrip Co when and if the TO by STX is successful .
Based on the percentage of ownership of the Mongolian assets a TO of Scrip Co at around half the value of TMK would appear to make sense .
The take over Announcements seem to imply that the Mongolian assets are just the Steak knives in the deal .
They are not !
IMO they have real value with a lot of blue sky potential but a much different risk profile too .
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I think the best deal for the Mongolian assets would be for TMK...
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