I'd take an offer of around 40-46c, as I feel its quite reasonable. Such an offer is favourable to the Nanxing Antimony offer, probably worse than HNC.
Whilst its clearly a $300m resource, assuming IGV is 15%, then $50M is the upper level. The discounted price makes it attractive enough to the buyers. Although my opinion would change if I researched the other prospects in-depth.
