re: hmm.. hrr maybe next Interesting point there!They gave a...

re: hmm.. hrr maybe next Interesting point there!

They gave a deal too good to be true to HRR and the market has just not noticed it at all. The market was more interested based on the SP movement when BHP bought in than the JV deal.

So HRR took the great deal on board and now for very little money on INCOs side they get to sure up whether they have a successful nickel project or not. They have not bought the company but can walk away at any time for a token sum by there standards and if it does prove to be successful then they can buy HRR out. You do have to wonder whether this is the reason why the deal was so good and why INCO were allowed to buy 11% of HRR.

Time will tell. The office in Sydney for INCO was also an interesting development and just goes to show that they intend to build a significant presence in australia for the asian markets....