presentation, page-6

Hi Humms.

Sorry mate but don't agree with u on this one.

For such "seasoned investor and broker/banking types" if they r principally interested in high value stocks such as RIO; why give MT an audience?

BHP didn't say "consolidate at 20 : 1" did they. They rather said how can we help.

If i was a "seasoned investor" i would be looking for potential growth in a Co. & looking at the facts.

The facts r that:
-BHP is the largest shareholder
-BHP paid above market rate as part of the deal
-BHP are now doing the BFS for Corrridor Sands.
-BHP have seen the technology work on a very small scale
-BHP were so impressed with what they saw that they paid out $5mil. to progress to the next stage
-Next stage to be completed by January.
-Onesteel testing now completed & results are exceptional
-et al, etc etc

Besides if they r as conservative as you have alluded, well there are plenty of other investment types around that would be impressed by the story.

As completion of the 3000tpa plant looms there should be plenty of new money.