yes i agree that the calcs include no upside - that is a given...

yes i agree that the calcs include no upside - that is a given and hard to value but PB suggests plenty more about - and too i agree that it was a little barb in many ways to NWE that they are a nuisance - hang on it was NWE that pegged the ground, it was CVN that pegged the dorado ground it was FAR that pegged the senegal ground etc etc - a cheap shot and unlikely to endear them to the NWE board and does it suggest that the JV was not all that amicable

the lack of a resource type table by now well after such a stunning hole - as i keep banging on about - suggests to me that MIN are keeping the info close to the chest and making it very difficult to value NWE - there appears to be very little full disclosure going on.

T/O ann right on xmas - more difficult for NWE to get independant valuation??!! - i hope they had already engaged such a mob and are there like Sir humphrey in yes minister - handing the report over before it was even needed!!!!

we await the boards return volley