Agreed. Why would BHP want OZ with the cashburn on the mines. OZ had $1 billion of cash and reveresed into $1 billion debt in what, less than a year? That's a huge burn BHP would not want on its balance sheet.
BHP is just waiting to buy PH and maybe Sepon/Martabe.
I hope the Australian prison is waiting to make an unconditional takeover for Michelmore.