just rewind FMG n twiggy forrest a couple of years back; i think we r seeing exactly the same circumstances - investor doubts over the big resource claims n potentials, twiggy forrest's 'weak' reputation. the market even traded for a considerable period below the price paid by hunan hualin for the FMG stake!
i think another chinese saying is appropriate:
WHEN THE TIDE EBBS, THE ROCKS WILL BE REVEALED