So while we are speculating.... What would IOH stock be worth in...

So while we are speculating.... What would IOH stock be worth in terms of FMG scrip right now?

My best guess, based on a couple of things:

FMG has recently charged back up over $6 - could bounce around that level for a while.

IOH is in the doldrums a little at $1.60 we all think she is undervalued and we know that a takeover deal would rightly bring a much higher price.

So... At the moment I would speculate the deal would be around one FMG share for two IOH shares - making the deal worth around $3 per share for IOH holders.

It's possible that we could do better than this... But I think that number is achievable and not OTT.