orbiter, page-50

Thanks for that Markcies.

It looks like SRK would be better placed to attract an equity investor rather than a sale. $650 million sounds too cheap especially when resource upgrades are expected shortly.

The BBY report shows that SRK is a no brainer and has considerable long term upside. There is no reason not to expect SRK to trade on similar multiples to FMG furher down the track.

Their are many options available to SRK but after reading that report I don't think that the short term gain of a sale of their Peru interests would be in the long term interests of shareholders. There is considerably more upside.