I agree Sid. I am going by what the Chinese government is...

I agree Sid. I am going by what the Chinese government is telling me in terms of Tonkolili, Simandou and Wologisi all within the space of a few months (co-inciding with the SDL tendering process).

Having said that, NY based GMP does have to protect her credibility. Even though they say speculative buy at 20c, they have covered their arse with a $1.32 valuation de-risked.

Have you ever seen in your entire trading life a risk vs derisked scenario where the target prices differ by a factor of 7X (where the rerisked scenario in our case is one option the board is pursuing with bidders).

As I said, there is a huge disconnect between the SDL sp (which is priced for total failure and destined for the meat grinder) and what the ASX releases are documenting.