how does it compare with 6.5% in WA?not denying their costs of...

how does it compare with 6.5% in WA?
not denying their costs of discovery etc and obviously the company is good or zfx wouldnt make an offer.
however the perception of value changes once a TO is made...many would have sold at 40c on black tuesday and $1 would be a fantasy to those who recieved margin calls.
its a question of zfx not over paying for a good company and thats all.

Production is not the holy grail. it will do little to nothing for the share price. That is how it got to 70c in the first place...by being a few months from production. and they would have been 40c despite that.

It doesnt matter whether its nickel, zinc, copper or gold, once a company is producing it is much easier to value....no bluesky just straight numbers.....it killed PDN. If AGM were to have production hiccups the share price would have gone down.
I hope you can analyze these things independently of your emptional attachement to the stock.

cheers