Is this a monster in the making?

Does anyone have this on their radar? What do you make of it, IPO sp at 540p Dec 2007, now 1123p. Am I too late to get in? I think sp is playing catch up with other major miners. Kaz already own 20% of the company.

http://www.enrc.com/index.asp
Check out the presentation there are some impressive numbers and their huge assests.

Bidco takeover offer of 234.3 p