MolyCorp in AFR Streettalk this morning

AFR Streettalk has a write-up this morning saying the MolyCorp Info Memo states 2016 EBITDA for mining consumables to grow 28% to $A 270m!! Also says indicative bids due 18 September and mentions a whole host of bidders (no doubt all leaked by UBS). Also the Staple debt package from UBS will be higher than 5x EBITDA which certainly implies the price will be 9x or higher. I certainly don't think they will get the 11.2x times average multiple they mention on the forward looking EBITDA figure (although we will be 6 months into the year by the time the sale would close) but even if they get 9x on the $270m figure we are looking at a slimmed down ARI with no debt and c. 30c per share of cash!!!! Special dividend of 20c a share and IO and Steel turning positive and a 10c per share cash kitty to ride out any market turbulence?