Did NSU overpay?
Reading this board, it sounds like RMC shareholders are complaining. NSU has paid or committed to a $1 billion transaction. $535 million upfront in share dilution and cash...additional cash of around $150 million or so, will have to be paid as per agreement between Freeport and Lundin....NSU had to match the offer...thus the initial commitment is between $600-700 million. Additionally NSU is stuck for funding the project, which is estimated at least another $50 to $100 million in the next couple of years....then they have to build the mine...RMC, published a half-as*ed PEA showing $225 million to build the mine...my guess is the Feasibility study in a couple of years will show that the outlay to build the mine will be between $400 to $700 million for the 1st phase...
That;s the way I see it...