the golden goose?, page-5

A simple starting point. IVA offer us 1 for 4 scrip bid. ie 80 cents per EXS share. Costs them nothing but some minimal dilution to their shareholders. They sell the CCP to XStrata for $175mill, pocket the cash. Instant cash injection to them!! They clearly want the cash, they have already stated they want it all....They also get all the land they want, get some cash flow from White Dam and Copperchem to fund their exploration activities. Plain and simple and they would be mad not to move in the near term ie next couple weeks imo. We know they want the land, this is the best way to go about it. Perhaps, if the market doesn't like an all scrip bid, they can sweeten it with 5 or 10cents in cash.

I am giving this scenario a 90% chance at this stage, and can not believe the dimwits letting their stock at a cent or two above what the cash backing will be post CCP sale, should IVA not make a move now.

The market is valuing EXS's other assets at $7million...heck we will make that per year from Copperchem royalty alone, not to mention the $5mill+ from White Dam for at least another 12 months. Then there's the land.....who wouldn't want it!