Except that we are one day closer to BHP taking a large position in APG (as previously reported) at what is rumoured to be at a large premium to market! (20 - 30 cents)
Yes a large premium because APG have the technology and BHP want it for their deposit so BHP will have to pay for it.
Most on here also think the BHP announcement will also include a project. Lets hope they are right!
BHP may also have an issue with One Steel as they may just be in competition with One Steel.
So here is a quick snapshot......
Who has the technology that cleans up the contaminated ilmenite and produces the highest grade syn rutile in the world and is the key to open the BHP billion dollar corridoor sands project....APG...Who wants it...BHP, Ilu, Cristal, Ticor, Bemax
Who has the technology for the fines in the steel industry that turns a $2.0m pa expense (waste) into a $10.0m profit for a capital outlay of about $7.0m pa......APG...Who wants it...One Steel, Bluescope, Smorgans.
Who has the technology to change the Iron Ore Industry by developing DRI which BHP spent $3.0b and failed.......APG....who wants it...BHP, RIO, Fortescue
Who has the technology to turn useless fine sands deposits into billion dollar deposits.....APG...who wants it...BHP, Iluka, Cristal, Ticor
Who is about to sign a huge deal with BHP which will send the price towards 40c....APG
WHO ON EARTH WOULD ANYONE SELL when there is an easy 150% very short term.
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
