pem annoucement interesting, page-3

CBH assets are much longer life and much more diverse than perilyas The only thing going for it would be synergies created at Broken Hill .CBH is in the critical transition stage from small cap miner to mid cap miner over the next 6 -12 months .Perilya wouldnt be my favourite pick to merge .CBH is in a position where if they just keep doing what they are doing ,they will blitz it .I cant see any offer that PEM could realistically come up with would be compelling enough for me .