take over target, page-15

Vale, Oz, Xstrata?

Vale did talk of wanting to build a profile in Australia.

how about FMG? wouldn't high grade low impurity ore be perfect for blending with their ore which is, as I understand it, inferior?

anyway I confident a t/o could easily be repelled at anything below $10 and maybe more, registry looks pretty secure...furthermore a low ball bid would simply bring other parties into the fray and create a bidding war. Anyway, hope it doesn't happen for a long time yet.