takeover bid, page-10

Great high grade project have been following this since it was 20c in 2010. Reminds me a lot UMC which sadly was snapped up for a song by BHP for $1.30 back in 2009 or around $200 million.

UMC had 100+ million tonnes of 60%+ Fe so the deal worked out to be at around $2 per tonne of in ground ore. Although the lack of rail access was a major concern for UMC.

Hope the WDR board has more staying power than the likes of UMC and especially SDL!

Best of luck guys. Anything around $1.30+ would be a good deal in my opinion.