will we see $5 again., page-11

Hi zubric - I agree, a TO bid is not on the horizon and it would not be considered until Creasy is ready. There is plenty of value to add through further exploration and development.

I also agree a TO offer would be well north of $5, however the current price correction brings the SP back to where it should be IMO.

TO players is an interesting one. I would guess either a post-merged Glencore-Xstrata who have decided to remain in the nickel business, or Western Areas. I would lean towards WSA if forced to choose.