PLS market cap is $8.2B - Paying 500M AUD is around 6% dilution....

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    PLS market cap is $8.2B - Paying 500M AUD is around 6% dilution.

    Imagine paying $2bn (plus capex) it would be 25%+ dilution. That's where the hurdle is.

    We fit more for players like RIO who can afford dilution.
 
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