buy buy buy, page-10

MX,
Thanks for the prompt. The other item that makes a Tier 1 asset is size. BHP and RIO normally do not have small mines. BHP has been selling off small mines for years.

PH at 100,000t of Copper per annum has the size. As I said earlier, there could be grade issues that drop it out as Tier 1.

When you look at the t/o of WMC, BHP kept silent and out of the game for quite a while. Then they pounced. They could be employing the same strategy. Wait unit the small mines are sold, FIRB approval is given, then come in with a counter bid.

I live in hope, but my mind says no, so I am not basing my finances on this happening.

HT1