legend looking to sell mines, page-3

good info guys - very interesting indeed.

Legend has a similar # of shares on offer (224 M) so that valuation put the Legend SP at about $2 to $4 per share.
They're currently at $1 - so still agood rise.

So MAK's larger resource valued at.....?

No doubt Gutnick can spin a great sell - and has George Soros on his shareholder register.
His development plan was strike a cornerstone partner early, then worry about resource definition later.
His method takes the financing and sales risk out of the equation - hence their SP at $1 - vs MAK of mid 30's.
I doubt whether Legend would be $1 if they were only listed on the ASX too.