$1.50 around the corner, page-22

David115,

I recommend you read this if you want to understand the structure of BHP with reference to metallurgical coal.

http://www.bhpbilliton.com/home/businesses/coal/Pages/default.aspx

Yes the Gregory Crinim mine is under the BMA umbrella as is all of the QLD operations of BHP metallurgical coal.

BHP have expessed a strategy of expansion of their liquid rich shale exposure and we know they are trying to sell the Gregory Crinim operation. Working with Linc could help to achieve both the above aims of BHP and also help Linc to achieve their goal of selling Teresa and developing Shale oil at Arckaringa.

Its a nice match IMO. I dont assume anything, I consider it is a possible scenario with mutual benefits to both parties.