euroz analysis (buy, price target: $4.00), page-6

What the point of having a "dead bird in hand".

Once Xstrata walks away, Arcelor Mittal, Minmetals and others will be all over SPH in no time. SPH should play hard to get.

I bought my for less than 30c and I am not signing.

SPH has ore (plenty of it) and infrastructure solutions pretty much in place.

$4.00 is about right.

Just ask yourself, where else can Xstrata find another long-life high grade magnetite IO province close to European customers ?? None !