NFC pays fair and is committed

a) NFC paid US$198.9 million for 51% of Dairi Prima Minerals just 2 weeks ago or so.  This implies a valuation of US$390 million for 100%.

b) carrying value in Bumi Resources 2016 Annual Report is US$171 million.

For the news article:
http://www.mining-technology.com/ne...-foreign-engineering-and-construction-5850094

For Bumi Resource's filings - see page 9
http://www.bumiresources.com/index.php?option=com_financialinfo&task=category&id=31&Itemid=96

This tells me:

1) NFC are good for the money
2) Bumi Resources was on the brink of insolvency where Nathan Rothschild and an Indonesian 'royalty' lost a huge pile of money.  NFC paid fair price even in those circumstances.
3) they are serious and committed to zinc/metals/resources
4) Looking at Bumi's March 2017 presentation, Dairi Prima was in 'exploitation stage' up from 'exploration'.

Look at NFC's share price on Friday +8.4%.  (The share price by itself doesn't give much information, but it's a hell of a lot better than your business partner being -40%...and struggling. NFC pays regular dividends too...)

https://www.google.com/finance?q=SHE:000758&ei=PDNgWYnHH5HO0QT0wKVA

I conclude that net-net, we are looking alright on a probability basis and those bashers are shaking and emotional.

Nothing is risk-free.  Every business has challenges and problems.  If you want to buy Amazon shares because you think they are MIGHTY...you pay a valuation of hundreds and hundreds of billions and soon to be US$1 trillion.  IBG is at 8.4cents.