PP,
If Sumba and West Papua are the aces up the sleeve, then the ESG top-up is the wildcard. :)
Note that RBS Morgans have sent out a note to clients, putting a $2.35 takeover target price on ESG, with Santos of course mentioned as the most logical buyer.
Were such a thing to happen before January 15th, and Santos the buyer, it would mean an extra 175m x $1.35 to HGO.
That is, $236m extra to HGO, or about another 200% of HGO's current mcap.
Still, IF is the key word there. A big pay day, or nothing.
Yaq
new copper investors welcome, page-7
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