RIO held a world class zircon deposit that is not widely known in the Pilbara. They held it for 20 years, spent nearly $15m on it and let it lapse last year.
They also sold their talc and surrounding Eneabba mineral sands operations and leases last year.
While I would never discount the big boys going after Iluka, I just don't see it. I would suspect the Chinese before the majors, but they would need deep pockets as the insto's wouldn't give it up easily.
Andrew Robb has stated a deep desire to pay shareholders strong consistent dividends and shore up more resource, I think that will be the way forward.
Pep
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