SSv, Re why doesn't Todd offer 30c.
Mr Wally told the Sydney meeting that his job is to make Todd rich.
That suggest they have the money but don't want to spend, at least on there primary cargo. Tourism is very small in the Pilbara so train used of tours?
Love the idea of using the conveyor to load the tourist back onto the ship. perhaps working a little slower than 1200t/hr.
In the option agreement Todds estimate is $165m that includes royalties.(interesting calculation) but , that would be 8-10c per share. Let's not forget Wally said Todd does not want to won public Co. and the payment will be to the FMS board.
The following is from the news report in a previous post and a nice way of putting it. FMS did not contract or employ Delloits to do the report>
"The Independent Experts Report has been prepared by Adelaide-based Flinders Mines Ltd (ASX:FMS) for the takeover of its Pilbara"
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