buy buy buy, page-18

It is now becoming almost ridiculuous. OZ under a buck (and copper price at $3.59/lb AUS)

I will be suprised if in the next several months a bidder for this company does not materialise.

Think about it.......

The entity comes in and pays 30% premium on 99cents i.e. 1.28 about 3.99 Billion dollars.

In essence they would have bought the company for $2.89 billion (subtract the cash). They now have a world class working mine producing nett cash flow of $600million per year on a downpayment of $2.89 Billion. A 21% return on their investment with great future exlporation upside.

What the.....something does not seem right.

This is great value and it will be pounced on. The only problem for us longtermers is it will not realise its true potential.