Im going to say its in the $0.55 - $0.58. Reason behind this is
1. Current market cap - $137m 2. So will need to pay approx $200m (approx 30% above mark cap) 3. Approx 360m shares on offer 4. Gives me a end figure in ball park of $0.56
Remember that since the 65c offer WCL has increased in shares on offer by approx 50%. Maybe the figure at no. 2 should be higher (or lower!) but I think you could work out the % above the market cap of the first offer and then add some $$$ for the reserves upgrades and work it backwards from there.
WCL Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
