Bhutos, I am not totally sure your numbers are right?(Apologies...

Bhutos, I am not totally sure your numbers are right?
(Apologies if they are).

I did a post a while back which look at the valuations of the Canning after FMG made its initial offer to farm in.

Pretty sure FMG deal was much much more valuable than the fire sale OXX farm in.

canning acreages valuations and some musings

To save you the time reading through my rather long winded post, here is the part relating to FMG. Again, perhaps I am wrong. If they are right though, OXX got the acreage for at least 1/6 of the price FMG was going to spend.

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OBL/FMG - Nov 2012
Total Acreage of Permit - 5062 sq km = 1250314 acres
OBL owns %50, FMG farmed in for %25
%25 of 1250314 = 312578.5
Total farm in cost - $11.75 million
per acre - $37.60
(I am ignoring FMGs purchase of %18 of the company, with the option to buy another 100 mil shares options at $0.09)