Instead of overplaying the risk BHP should be putting his money where his mouth is and making a counter offers of projects such as SDL...They obviously see the writing on the wall...why are they not acting...
If you look at how much BHP may loose in future price negotiation(maybe billions), investing more in this region should benefit them in the long term and provide them with an increased position to negotiate IO prices...
SDL Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held