The granting of the mining right throws any “independent” evaluation out the window.
If, for example, the valuers somehow make an argument for 8c. The basis of that argument would be the risk of no license, VAT etc
I hope that is why they haven’t released their official bid.
But to me, the granting of the license was 1 month too early for ZinJin. I feel for them...
Also, ALL SHAReHOLDERS no matter how small your holding get on the Mr X list. Your vote may count.
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Mining Right Official, page-15
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