RE:RE:RE:RE:RE:RE:RE:RE:RE:My two cents
Heywood, repect your optimistic and confidence on WRN, expect your projection to be true. But, as we discussed, there are 90m shares when share price is $4/share 10years ago. Now, we have almost 160m outstanding shares. And, for takeover, mining industry must have it's traditional fair way to evaluate the value of takeover. If junior mine was taken by 30%-50% NPV, Rio shareholders can't agree to any deal above 50% NPV, they will challenge the management for incompetent to make some deal, then deal can't be approved by Rio shareholders because abnormal and unfair. So, can you make many examples for junior takeover by 50%-100% NPV? If there many cases above 50% NPV, it will be conving to Rio shareholders.