RE: Phoney markets !I'll keep saying it and Sooner will continue disagreeing. This will be sold for some discount (40-60%) to the NPV. The NPV settled on will be somewhere between the FS base case NPV and Spot NPV. I say this because any reliable analysis has metals prices well above the FS NPV for a very long time. Current NPV is over $5B. FS NPV is $2.3B. Being conservative with everything 40% * $2.3B / 170M shares gets us $5.41/share or close to Sooner's guesstimate. 40% * $5B /170M shares = $11.76/share or close my my guesstimate of $10-$12/share buyout. That's at least a range that is "reasonable" for a buyout offer. I still say that RIO (if they are the successful purchaser) does not buy their own 7.8% of WRN they already own. They got that part on the cheap. They will only buy the 92.2% they don't already own. Assuming that's right you can bump up those numbers by 8.4%.