mt bevan valuation, page-12

Ideally Chinese would be our better partner IMO.

(1)They have the highest current and growing demand;
(2)They are rich and often do big bids (Missus used to audit CIC and was amazed by those huge figures), in comparison, we know what Indian likes when comes to money;
(3)They tend to fund and trust the local management and not to intervent detailed operation.

Don't forget we have a non-executive director working as a diplomat for China?s Ministry of Foreign Trade and Economic Corporation and also the vice-general manager of China?s Export Base Development Corporation.

Hope Sharon would utilize her strong tie with the Chinese and get a better bid from them, or even use them as a leverage to the Indian bid, that would nice :-)

If I were in the board of NMDC, I wouldn not make mistake and miss out this opportunity to enter oz market.

I would say $75-100 mil is still fairly cheap for NMDC or Chinese with this deal.