scrip offer for bonaparte diamond mines, page-101

brenden... yes - BUT to an extent.... as i mentioned elsewhere, giving at current MAK sp, $7.6M in paper to BON (or total of about 19M shares) will not wreck MAK in any material manner, based on Arruwurra DSO project working out... so overall, there is much more potential upside for MAK-holders (and even BON-holders - seeing that they would get exposure to Arruwurra while waiting for Sandpiper work to be done), when comparing to the potential downside... the main issue with Sandpiper is; can they actually mine the underwater stuff... if that is really proven etc, then the BON/MAK tie-up would be fantastic...

so the bail-out of BON in a large respect is great timing perhaps... (???)

i keep thinking that the massive, massive amounts of phosphate and the other tenements that BON holds, would be great under the ONE company... they really would be a force in the phosphate world... the Sandpiper deposit could be mined perhaps if only the phosphate price is very high, cos they would not have any of the minesite infrastructure requirements etc, and it would be somewhat more privy to sporadic mining (especially seeing that they should be dredging it for only about 4 mths of the year)...

on top of that, if phosphate prices do drop to amounts that are below the MAK Arruwurra/Wonarah cost estimates, then they can turn to Sandpiper, cos that projects cost estimates are supposed to be lower...