Agree with you mtm,right now placing a bid at about 80c a share...

Agree with you mtm,

right now placing a bid at about 80c a share for the entire company would get close to accepance, that would be in the vicinity of $275mil. If the bidder could then offload E1 as per Xstrata deal that would mean they get White Dam and the royalties for 100 mil with the other exploration assets on top.

As it has been said above 175mil is a fair price considering the capital cost to go it alone.

Given the current strength of copper e.g. Equinox deal I wouldn't be surprised to see a bid from IVA or SOL, and then offload E1 to the X-men. Surely this would be a better deal for themselves as they can decide which cherries to keep?

Since Exco has been vocal they been in talks with multiple parties and the uncharatersitic weakness in the share price post announcement my feeling is that one of these other players are suppressing to launch a bid.

All said and done no matter what eventuates we still better off whichever way as the E1 deposit becomes a working asset rather than a paper asset.