If your calculations are correct, then it would not surprise me at all to see a Takeover offer very soon.
I can't believe we have Oxiana, Zinifex and Allegiance in the one company and the SP is at $1.35.
Undervalued, so accumulate as much as possible before the TO offer......we have seen Jubilee go and Rio will probably be next, followed by OZ >>>> $3.30