It is a bit of a mystery. Its obvious BHP didn't want the extra cash.
Thoughts are that BHP didn't want it going to the Chinese (which POS and MRE both had as backing). I honestly thought MRE would have had a better chance than FQM.
Besides BHP not liking Twiggy I think they prefered to sell it to the company with the least Ni experience thus FQM are likely to get it wrong. 12 months will tell. Could you imagine how it would make BHP look if another company made a killing out of Ravensthorpe. It would not be good PR for them.
At the end of the day, Ravensthorpe was not the key project POS are going for but it could the the catalyst for the additional funding to now secure Cawse and possibly more.
the 2009 dog of the year award, page-9
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Mkt cap ! $21.01M | |||
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