Hmmmm a month and a bit ago (early-mid January) when copper was at similar levels to today, Entree made it to CAD$3.50 and PMH to AUD$0.28
If Entree were to get back to that sort of level, we'd be looking at a valuation around AUD$0.43 (depending on the CAD/AUD).
When some paperwork starts to go through, and people realise that this deal is probably going to happen, hopefully the arbitrage players will jump in and we can start to see PMH move closer to the value of the deal...
Not too long now!
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