well off the top off my head and using my other holding EAR that has a 2mtpa plant and 1.7moz resource and command 130mill(which IMHO is very undervalued)
I would think if it was a done deal and funds accessed to do the deal was funded from the new merged companies scrip I would think a 150mill market cap won't be seen as overvalued when you include the plant + resource base(Gold Silver Zinc V etc) and large landholding..
but it really does come down to how the hell JP is funding the major FML purchase
IRC Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held