RE:RE:For those who have bandied about % premiums in a buyout....My $6 usd target has always been predicated on about 50% NPV of FS...or about $900M usd
Any upside on metal prices would be realized by the buyer !!! and would be used to offset their complaints about capex, volatility in metal prices, permitting, etc, etc, etc.
I still think that's reasonable....but continuing to see other transactions at below 50% NPV and not what seems like many examples of majors bidding each other up over the prior 5 years gives me pause.
If we had a $6 offer tomorrow....let's just say Sooner would be the 1st to vote YES!!!!!