Realm takeover offer undervalues Foxleigh: report

A $220 MILLION takeover offer for Realm Resources by major shareholder Taurus Funds Management does not reflect the value of Realm’s 70% interest in the Foxleigh coal mine in Queensland, which in 2017 produced 4 million tonnes run of mine pulverised coal injection coal, according to an independent expert’s report.

The mine had also sold 2.7Mt of coal and has the potential to expand its resources and reserves and extend its mine life, the Target Statement report by Deloitte found.