looking interesting, page-38

POS
3.5MTpa processing power
5 prior working mines & 2 large plants in very good condition
no trucking needed as both plants next to mines except Windarra
average grade of 2.2%
U$16,000 perT
margins 10%-50% depending on NP
U$1,232Mpa revenues = A$1.7B pa revenues
cash of $68M and CN debt of $21M (convertable or not)
AF/Squadron/Minderoo hold 19.7%
TO bid by BMM at 6.0c failed, blocked by AF & BOD

AGO
15MTpa IO
AGO with 5 mines, no processing plants, trucking model, no rail
Margin of 3%
@ U$60 perT
revenues of A$970M,
cash of $20M and secured bond debt of $130M
TO bid by Gina A$430M succeeded
AF/FMG pulled the plug on their 19.9% holding for a paltry $5M gain

If AGO was worth $430M to Gina,
At half the revenues, a quarter of the cash, a fifth of the margins, 6 times more debt at worse terms without any large processing plants next to mine,
then whats POS worth to BMM or AF upon full production?

$430M or $1B or $110M as now?
Im not an expert so maybe you guys can let me know?

looking interesting?