Todd's offer, page-57

"Flinders has a number of avenues open to it and is of the scale the majors are interested in," one analyst said.
"It is a strategic play for any serious bidder and is very appealing to a range of potential suitors.
"Someone could easily bid 20c to 25c a share this time and Rio is a natural owner of that asset and could pay 25c a share, but it's more likely to be worth about 50c a share to them based on their long-term iron ore price." The Australian ( newspaper )


This is from July 2012 after the failed MMK deal . Yeah FMS is worth heaps, there are plenty of buyers

This sounds familiar