to be honest i DO think AGO/UMC/BRM could be a go, there are just so many interests in the way. combined you've got the north west alliance thing happening, which would provide port access, AGO have capacity at FMG's port and an MOU....unless there's a distanct clause saying where and what ore there's no reason why they could get pardoo going to sort out systems ie how do you be an IO producers and then use the port tonnage to get a bigger op up.
the combined company should have the scope to push 10-20Mt possibly by 2013, with growth.
they'd have 200mill + with AGO and BRM together and I think may be pretty heavily re-rated. We would definately be talking about a company knocking on the door of the top 15 IO producers in the seaborne market world wide
all that said. sounds a bit like fantasy I reckon. Who knows it is possible i think but maybe a bit too innovative (wrong word maybe) for the mining industry to pull it off
UMC Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held
