PP Read the small print properly.....Underlying 51 cents, takes...

PP Read the small print properly.....Underlying 51 cents, takes into account offer of $325....less debt as of 30th sept (around $40 mill) less expected operating costs up untill March 2012 (around $50 mill) leaves cash of around $235 mill divided by umber of shares (420 odd mill) gives underlynig SP of 51 cents as at time of transaction if concluded MMX also owns Rocklea and some other tenements so actual value should be a bit north of 51 cents if this goes through in March...still No where near good enough though IMO...