RE:RE:Great coverage - $1.5 billion or moreYou are not missing anything the reporter has mistaken what Scotia says the project is worth present value for what Lundin is offering. But Lundin is offering much less than it is worth. Much much less but enough for freeport. Which is probably a pretty good indication Lundin have figured out what Freeport is willing to accept the but at the same time are no doubt well aware they will have to back that up with a pretty serious offer for reservoir if they want to steal the project at a low price overall. I think based on the posts so far there are a few very likely ways this could go. One is rio steps in and helps reservoir acquire the project. 2 is Lundin makes a serious offer to reservoir to go along with the deal. That could go as far as a full acquisition likely using equity to pay for the majority since they don't have enough cash to do it any other way. 3 is other people's money comes in to support reservoir taking 100% of the high grade and the 46% of the low grade. But that I would think would ideally be with somebody that knows how to open and operate a mine as well. 4. The property turns into a bidding war. Maybe. The only thing that is for sure right now is we know what Freeport is willing to accept for the stake they have chosen to sell. Of course as a few of you have pointed out we also know that reservoir holds strong cards right now. It's nice to be rewarded for patience. Strong management and world class find. Glta.