Yes the buyout offer must value the GBG tenements on market valuation, especially the LODESTONE 1.482 BILLION TONNE MAGNETITE RESERVES (27.1 % Fe) in the TENEMENT E59/1002 which should be very valuable to Ansteel.
This alone will make GBG worth many times the buyout price of AUD$0.026/per share.
Ann: Scheme of Arrangement and Demerger, page-56
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