rxm as renewed takeover or merger opportunity, page-7

Certainly the C1 cash cost for Hillside would need to be around $1 to $1.20. Anything more than that, would, IMO, start to be a concern.

I need to temper my previous post with the comment that RXM should only be pursued by OZL if it makes sense from a "value to shareholders" perspective. Unlike BHP, OZL does not have the bal sheet strength to do a stuff up. Buying for the sake of buying; to be seen to be doing something, would be a huge mistake by the CEO and board.

HT1