iron valley transaction with mineral resource , page-27

The other thing that has happened here now is the attractive nature of IOH as a T/O or buyout opportunity.

The 52% stake held by Stokes might be a barrier for potential predators, but then again it's fairly simple for them to approach him directly and if he gets a reasonable offer most holders would probably fall in line behind him.

Of course, the buyout might also come from Stokes himself.

The value of this new deal with Min Res + the value of the Iron Valley ground to FMG to access Nyidinghu + the cash in the bank + the value of Buckland Hills + any value that you want to add for Maitland etc...

Surely a few predators have run the ruler over IOH.