today's value - 36c, page-4

My calculation agrees with Wotcopper. I have been a bit fixated on the value of the bid but the more I look at the likelihood that Entree will attract more recognition as the bid comes to reality I think Waiken's longer term view is gaining relevance daily. I am also now less worried about the prospect of transferring to the TSX given that RIO may one day (not to distantly I imagine) seek to absorb Entree, hopefully once it reaches its maturity price wise, which will possibly allow a free transfer back to the Australia market via RIO shares. Its all good from my perspective and I now have additional patience. Regardless of PMH's enthusiasm for their assets I see the continued retention of the Australian entity as a limitation to progressing those assets to real value, at least in the short term. This is a good move for us and can only get better if we have any rival interest out there.