There has been much speculation of the expected offer by the...

There has been much speculation of the expected offer by the Indians.
Not much seems to have been based on the value of the tennement overall using an inground ballpark figure for the resource itself based on comparable prospects such as adjacent Jupiter of aprox $1.15 per tonne.

The International firm of Snowden referring tothe recent Atlas FerAus deal, talked of a preferred valuation of $1.00

Also of international relevance is the Afghan Hajikak resource, estimated at 1.8 Bn.tonnes, which( Bloomberg 07 Sept. 2011) is being sought by Canadian, Iranian interests and not suprisingly, NMDC.
According to Mumbai based Elara Securities "Indian Companies should have every reason to go for Hajigak if the cost of aquisition is about $1 to $1.50 per ton."
This figure recognises no infrastructure,sited in an area of mountain ridges and a Project requiring consent from a presently stalled Afghan Parliament.
So it would seem that until we have an idea of the real value of Mt Bevan we cant assess the value of an NMDC offer from a shareholders standpoint.
Especially so as only small portion of the likely resource has been drilled and what has consistently points to a major.
Holding HAW.