is 3 dollars the trigger point, page-12

Obviously the main attraction to BHP is the fact that their train line runs through Marillana. As a rail loop connecting to BHPs track is Brockmans most cost effective stategy, why wouldnt BHP look at doing the same?

Speves, "The $2.50 cap raising will put a floor under any potential takeover price. As a consequence this may not be seen as such a bargain compared with many other juniors that have an SP that has fallen by the eqivelant %." I agree to a point but surely the advantages of their existing rail lines location is the ultimate key?

Marillanas potential scale and size might also be a key reason for BHP to snuff it out. In terms of business strategy I believe a T/Over of either BRM or AGO (or both) would significantly hinder the NWIOA future development plans and possibly render it useless. A move that eliminates BHPs well organised competition makes perfect sense to me.

I would only consider a bid of $5.60 or above due to the size of Marillanas resource (further drilling targets to come) and other tenements and Nickel assets. MTGP, I think your at the other extreme of Tokyo and maybe a little unrealistic.

So what price would you sign on the dotted line for Tokyo??