Conjuring Commodity Prices

If 51 percent of the shares of Kaltim Prima Coal are to be sold, what is their proper price? Its not an easy question to answer. Independent mining appraisers can give dizzying technical terms, or perhaps over-simplified ones out of reluctance to get involved in this controversial case.

The several independent experts prefer to present figures submitted by KPCs consultant (Salomon Smith Barney) or the governments consultant (Bahana Sekuritas).

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