at the end of the day, the jorc just proves there's stuff in the...

at the end of the day, the jorc just proves there's stuff in the ground, which is where it will remain given the execution risks and long lead times it takes to go from proving up the resource to actually getting it out of the ground....

IMO, ipo will not fly in this market, just ask clive palmer. i agree that it is a strategy to get the best deal...hopefully after this jorc, the prospective buyers will offer a price closer to the $500 mil asking price ... or has the price just gone up ?

i suppose if the asking px didn't go up then the market reaction is probably spot on ...