RE:RE:IndustryNews - Newcrest gets takeover bid from NewmontNewmont are getting a bargain. Newcrest has traded $13 aud a share higher 2 years ago and is by far Australia's best gold producer.
I can't see a major buying NFG for what it will be worth post an initial resource assessment, whenever that happens.
A joint venture with a mid tier company may be a better option to extract a higher value, unless ES stumps up for the capital to build a mine. Not as ridiculous as it may sound.