RE:RE:Reality Plus… Let's remember Rio is offering their input to the FS. This field season (and ground game with YESAB/FNs) plus their people helping with FS, is Rio's DD for the buyout offer. bb-99 has said it generally, I've said it more specifically: the ultimate offer will be negotiated based on the after tax, base case NPV of Phase I per the FS. Add in a little of Heywood's "goodwill," which is Phase II, to which we've assigned no value.
I won't guess a price, but a range of US $1.25-1.75B.
I'll check tomorrow what discount rate was used in the 2013 FS, could help us narrow down the NPV range.