Yes the Grace stuff oxide and that's OK to treat .
Deeper ore treatable with BIOX apparently but historically less than 90% yield I believe .
But only 50% ownership building to 70% is problem .
And if your theory is correct why would the bidders price rise rather than the targets ??
As I said , I wouldn't mind but lot of unknowns with the size of Grace at this stage and devils in the detail .
Ann: Change in substantial holding for SPX, page-8
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