You wrote "The only reason UMC got he Pilbara tenements that they have is that BHP and RIO were obligated to give up the land. Under law one company only has access to a limited amount of land in the Pilbara. If they were to takeover UMC one would think BHP/Rio would be obligated to give up an equal amount of land. The reason they gsve up the UMC tenements is they thought it was their least profitable land." So if a BHP RIO merger was to happen that would mean BHP & RIO would be one company therefore the new one CO will have to give heaps of land back couyld say half of thier holding, if thats the case BHP would not want any more land..... if this is the case mine gate sales would be an more likely outcome...
UMC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
