I agree with Fortescue and at the same time I know I will pay the price. I agree with FORTESCUE that Joanne and Sean have made unforgiveable mistakes in developing and selling off the property and should have been replaced many years ago. The pocker about the sales prices and the crash the follows, the ignorance to the community concerns and missing the dipping point in 2011 that resulted in complete blockage of the project, the strategic wavering between self-development using Peruvian pension funds money and sell off, or the shift from a large scale PFS to a baby PEA, to luckily again a large scale project. So I think it would have been great to have had this replacement done earlier. It is not Fortesuce fault that we are were we are, I would argue thanks to Fortescue we might hopefully not miss this boat this time and take advantage of a unique environment of a mining friendly government, rising copper prices and supply shortage forcasts.
The price for it is a lower take over price - but I believe we will see a higher share price if it is 1.2, 2.5 or higher will depend on numerous things. But the current developments are also making clear these 100%, 200% or 400% are becoming more likely, while maybe the 1000% dreams are getting less likely. I am an investor I want a positive return within a reasonable time - I am not a dreamer. So a good offer tomorrow is worth more to me than a hypothetical discussion about a potential fair value in 15 years.