Deloitte I read, on other forums, have admitted that they were...

Deloitte I read, on other forums, have admitted that they were unaware of certain interests left out of their valuation of Felix Resources.

It appears that Western Plains Resources (WPG) are to pay about A$1 per tonne of iron ore produced from their Hawks Nest tenement to Felix. WPG say reserves are at 500 million tonnes and likely to be increased.
Whatever the likely problems this looks a considerable interest and its value should be paid by Yanzhou Coal. If not, an in-species dividend should be made to Felix Resources' shareholders.
A$500 million looks like $2.55 a share and at a 75% risk factor worth about 65c a share - thus the bid should be raised to A$17.60 from A$16.95.

The gold royalties aren't much to Felix but I read worth A$4.5 million (2.2c a share), not much Felix directors; then send it in the post to me.

There are it seems some other interests in former CEO Neill Arthurs' brainchild S.A.S.E. that have not been given value as Felix say they're not worth much - again, I'll have those as well. It seems that PT Krakatau Steel agree as they have an outstanding case to sue Felix.

Be fair Deloitte and Felix directors and give consideration to us small shareholders.