you would have to think deal is off.. taking , page-8

steamairship, I guess the premium may depend on how many parties are still ineterested in buying the projects.

However following is something that may give you an idea.

On 24/3 the company provided an update re sale of magnetite range, included in the announcement was the following statement:




Following is a summary of the analyst's target:



Note however that the analyst's target was at a time when the AUD/USD was a lot lower than current level, but then IO was lower as well, and there was a few million less shares on the register.

Under current market conditions, I'll be very happy for anything north of 55c.

Please DYOR, and note that if deal doesn't go through the SP will likely go back to 20. However judging from interest over last 2 days, I think she's in the bag.