Ann: IGO: to acquire Western Areas via board recommended scheme, page-90

yep BHP has dibs on cosmos, cannot be ignored
Mt Keith the cheapest and logical choice for offtake tolling
BHP will get the offtake of cosmos unless IGO moves those mills from FF & Nova up there once those mines deplete next 3-4 years,
by then IGO will be a large Ni & Li producer & NP & NI demand will be double that of today.

looks like onmarket volume drying up as realisation sets in, IGO has WSA wrapped up
Will AF counterbid after incurring $450M on stranded Noront in Canada with capex cost of $1B
or will he warehouse it for decades like he has most of his other tenements including his own farm

$1.2B is a large investment to make & IGO can up it way higher if they want
AFs move in WSA has been ignored thus far by the WSA BOD
just like he was ignored & sidelined in ANL AGO AHZ Noront MCR PAN POS Ravensthorpe

buyers here think AF will couunterbid & WSA BOD will accept his higher bid unlike the others who havent. Its a gamble.