BHP do not do a deal unless it has the potential to add a material amount around 10% to their market cap subject to the dynamics of the target and potential synergies.
When PLS is worth around 3b dollars they probably would still not be interested. S32 spin off is evidence of the way BHP operates.
I think the FMG talk will be justifying spending money investigating their own tenements for Li. If you look at a map of Li sites FMG seems to have some of the geology that could be prospective for Li.
Nice thought for us and thanks to Twiggy to adding credibility to Li but many are still not aware of the extent of Li resources in Australia.
Just saw Julie Lee say we don't have much Li in Australia.
So keep buying because they could wake up soon!
Twiggy FMG very Interested in Lithium, page-16
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