$1.08 offer + board acceptance , page-21

andyet - still plenty of upside due to large tracts of land yet unexplored, DSO mid nextyear to commence, money in bank for infrastructure (recent CR), agreement for use of xstrata port for shipping, quite a high grade ore not seen in toomany operations, good management (otherthan quick acceptance of offer IMO), and have no doubt that an off take agreement can be entered into in due course. All IMO only so DYOR. My belief value closer to $1.50 at the minimum but IMO $2 given the above - and all approvals in place.