IMHO I would say it's too early to guesstimate the share prices etc for SARCO, and really not that much point.
The share price could be anything from 25c to $2 the only thing we know is that they need to get $200m approx from the IPO minimum.
I would expect Chinese support for the IPO so that they (China) maintain control of SARCO
I'm guessing that it will end up being approx 33% CNF 33% ORD and 33% IPO.
So many announcements to happen before IPO occurs.
I'm 99% confident that the resource upgrade will be 300m tonnes +
Very exciting times for ORD holders ahead.
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