This is all true, however, where is the significant resource increase and scoping studies upside accounted for?
I personally think an offer around 40-60c will be put forward when the time comes, even if it is not the fair or true value...
Interesting to note that the HK$ buys 26% more AUD$ than it did when Dingyi made their last takeover offer in 2013.
K2P Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
