RE: Interesting reads about BHP etcIMO no major will dish out 1 x billion or $4.50 a share on CMK until they see the mine is operational and can do the numbers to make a dent on their numbers....doesn't make sense. They are waiting to see this start to perform, and are willing to pay more when they know it's a working mine with some volume....the majors have billions on-hand and are cash machines....double this or $9-$10 is nothing if they know it will add to production ASAP.
Lots of large resources out there but if it cannot be mined or it's 5 x years out it doesn't help and they are not going to pay big bucks for the resource......
the Losan sale IMO was successful because it would never be utilized by CMK, if the get this going to 3 x million tons a year they will be purcahsed well before Losan would be anything to the bottom line, this assures no share holder dilition and hats off to management this time around.