I also think a lot of the reason the board have recommended the...

I also think a lot of the reason the board have recommended the takeover offer be taken is the quite disappointing exploration results. Ideally they were going to improve the size of the resource, make it really worth them mining themselves with the minimal resources available. Equity portion of the funding for the mine because difficult due to lack of exploration success (and therefore a higher share price to minimise dilution).

Wasn't really to be, even with a JV with Ivanhoe. Shows how there isn't really high grade cobalt in everyone's backyards.