If the bid for LTR is $6.6b based on 156mt and we can prove up the upper end of our resource estimate of 240mt we should be valued at around $9.9b. Our 60% of which should be roughly $6b or $13 per share.
Early days and rough figures obviously but talk of accepting $5 etc… could potentially be selling us out way short.
Gifting Andover to a suitor at this stage would be the last thing on Tony or Mark’s mind I would imagine.
Exciting times!
AZS Price at posting:
$2.92 Sentiment: Buy Disclosure: Held