RE:RE:RE:RE:RE:RE:RE:Rio Proposal to Acquire Turquoise HillI beleive it will be based on a percentage of NPV more than market cap....and that market cap and preimum to that will "catch up" with higher trade volumes as we get closer.
I agree with you sooner that this all started with at least some informal discussions about ranges thrown out by each party to ensure that there was some overlap in those ranges. Otherwise, as you said, it would be a colossal waste of eveyone's time. I am closer to the $1.4Bish range thinking myself. But agree with you that those initial discussions must have ruled out overlap including up to $2B based on Paul's comments in prior interviews.