In this case I would say Xstrata, MMG, are definitely on short list cards to obtain C.
Whether or not C can be defined as a tier one asset which would encourage majors, BHP and RIO to take a punt remains to be seen.
C has a massive resource. I for one am hoping OZL picks up the tender, even if it costs us 600 to 800 million. That would give us a better option than SFR and restart the growth story for OZL.
OZL Price at posting:
$13.85 Sentiment: LT Buy Disclosure: Held
