Thanks pradsadg, but can you please elaborate the 50cents in a...

Thanks pradsadg, but can you please elaborate the 50cents in a dollar statement? I though the net asset (after taking into account of debt ) is still 50-70m, this is because originally the plant was value at over 400m. So from this and compare to other small cap minors whom is just as risky as dml at best we can say its another 5%. There is a lot of companies that are leverage with debt, but if you are suggesting blumont can make20% pa from investing in other companies then that's quite interesting.

IMO the deal is not great, 6 moths of negotiations when sp was around 60cents to get this deal, I'm not impress.

I don't know what blumont wacc is but judging by the low return of Singaporean superfunds it'll be much lower than Australia.

I hope it'll get upto 20cents as I belief the economics stacks up if c1 is $2per lb. perhaps we need to ask management on their confidence level and get them to revised their assumptions.