RE: The $32Million Dollar QuestionLonmin's stake did deserve to be mentioned, and the other JV's do too. WM has such a large land position in Sudbury and CVRD (Inco) and Xstrata are talking about consolidation in this area.
I'm link you to a recent WM release to see if you agree that 7,500,000 shares of DM are unrestricted right now, and the remaining 2,500,000 shares get out of escrow and free to trade in April 2008.
If this opportunity isn't spotted by a miner, it might be by a Banking or Financial middleman and a handsome 7% Finder's fee might be all it takes. Imagine some company buying WM with their own holding. Somebody left a door open and this link shows how many DM shares are free to sell, or for another to use as collateral and grab WM with their own assets.
https://www.wallbridgemining.com/i/pdf/2007Q3.pdf