You see Johnny Boy, you can post very good information that should be considered by all those tending to be swayed by the conditioning effects of Commerce undergrads posting their simplistic Text Book / Lecture notes. Your post is worth reposting and I have done just that below. May all enjoy this Evening and ALL of the New Year. The year of the NOT! Old Joe Re: 10% glorieux...10% is nonsence... Posted by: johndefur on December 31, 2007 12:58PM In response to: Re: 10% glorieux by glorieux Newmont bought recently a gold mine in Mexico with an in situe Metals value of about $4.5 Billion and paid $2.2 Billion...approx 50% value of the in known reserves value...many many others have been sold from between 30 to 50% their known reserves value... This so called 10% valuation is obsurd, and in my view comes from someone with absolutely no knowledge of the "real" mining world.. here's a snippet of the CDRV takeover of Falconbridge, and remember the $28 first offer was about 6$ above the then trading price for Falconbridge, before CDRV raised it to...$ 62.50 On October 11, 2005, Inco announced a friendly takeover bid to buy out the operations of longtime rival Falconbridge for $12 billion. If approved, the deal would have made Inco the world's largest producer of nickel. Xstrata (which already owned ~20% of Falconbridge shares) subsequently submitted a hostile takeover bid for Falconbridge, resulting in a bidding war between Inco and Xstrata. The Xstrata bid was successful, but not before Falconbridge employed a poison pill to delay the acquisition, raising its share price from $28 to $62.50 in the meantime. JD*