Oh, I would probably think about it seriously - but would do...

Oh, I would probably think about it seriously - but would do those calculations at the time, based on how the NPV stacked up against my intention of a long term hold (ie - divvies and capital gain).

It's funny you came to $1.50 though because that was the "absolute minimum" figure I had in my mind when I posted.

Look, the bottom line for me is simply this - based on ALL the info we have to date (which we all know is great) - there seems no doubt CXX is in for some great times ahead. I, like many others, am a long term shareholder and have been accumulating right the way through - based on the release of new information.

The information shows the intention of the Board/Management has always been to develop the mine and go into production. On the figures (which are very prosperous), why wouldn't they continue down that path?

With the above in mind, what Board (in their right mind), "having the best interests of their shareholders at heart" would recommend to those shareholders to accept a takeover which didn't maximise the NPV?

Any serious T/O merchant would need to take all the above into account when framing up an offer.