"Obviously a take over must represent a SP wich could be...

"Obviously a take over must represent a SP wich could be reasonably based on the real capacity of the company to realise on its assets in the next 12-18 months"

and the use of 'fairly':
"fairly valued and I think about 55-60 cents"

the use of FMP:
'I would put a FMP on IDC shares at about 75-80 cents'

then you jack it right up to an estimate of$1.10.



I would suggest that anyone relative inexperienced in trading, and resource company takeovers, to read this post with a grain of salt - or perhaps even the entire Dead Sea (very salty).

Takeovers by their nature are opportunistic, there is no obligation to provide anything that you (Janus) might consider 'fair', or a 'FMP'. And your calculations are mildy flawed to say the least, so why do you insist on posting such material? Judging by everything in this post, you're out of your depth.

And what about considering the underlying, overarching (ie wholly encompassing) risk of the project? Indicated first and foremost by the cheap price IDC payed for the Mt Kare project.