Honestly they will probably just take the best part of both...

Honestly they will probably just take the best part of both companies. as simple as it sounds.

I agree the merger doesn't make logical sense on a lot of levels, and some on other levels it does and I suppose that is what RCF is running with.

If you have a great resource and a slop resource (exaggerating to make a point) and financiers/government funding says 'merge or neither of you are getting anything', then what can you do?

You can merge and create the best project possible out of the two...

IMO that means TMT contributing substantially to a best project scenario.

And still think that means TMT might have been better off if AVL were on the other side of Australia and TMT could be assessed on it's own merits rather than as a 'logical' merger candidate with their neighbours.