So far, according to the Decision plus interviews, in French and in English, Bernard seems very optimistic and suggests the possibility of a takeover within the next 6 months. In The French version of the interview he compares a similar phosphate project in Peru, “The Bayóvar Phosphate project”, that was solely owned by Vale until 2010. "In July 2010, Vale sold minority stakes in the project to Mosaic and Mitsui."
http://www.mining-technology.com/projects/bayovar-phosphate/

According to Bernard, this deal by Vale sets a precedent in pricing negotiations. From the sale of the minority stakes of the Bayóvar project, and according to current proven resources owned by DAN, Bernard estimates that DAN, if sold on similar terms today, should be worth at least $400 Million dollars. With 80M shares fully diluted, this puts the price of the stock of DAN at $5.00 (without Titanium).

Here is the interview

http://www.facebook.com/arianneresources

copied from SH