Gents I think there were two problems with the now infamous BHP...

Gents
I think there were two problems with the now infamous BHP deal the first was the Poseidon State Agreememt was silent on the Windarra nickel ore and transporting to another location not owned by them for toll treating and the other was BHP were also on a State Agreement at Leinster which was silent on treating nickel ore from a mine not owned by them. I think gold falls into a similar issue where the Pos SA is silent on gold and therefore unless the SA is removed they cannot process the tailings.

It really doesn't make a great deal of sense to me but that is how I recall it. It seams like yesterday boy did I lose money on that deal. But hey buying shares is gambling after all unless you stick to blue chips of follow exploration plays or it falls in your lap like Kidman go figure.