...."Should any of the parties' projects fail to get up - or they opt for an alternative route to market - the extra capacity would be divided between the other two"....
http://au.news.yahoo.com/thewest/opinion/post/-/blog/spinifex/post/72/comment/
Takeover at $0. Must be an Australian first !
It's way too late to sell and anything higher than GFC lows to buy would be extremely risky IMO.
The big boys (when their resource base as infintely much smaller) have had more than half a decade to sniff out BRM's low grade ore and not having any interest (notwithstanding it is has now turned into a Chinese Opera).
The demise of BRM will be a godsend to AGO. In essence, AGO can complete a takeover of South East Creek without paying a dime.
In this case, why on earth would anyone even entertain the idea that AGO would take over BRM when it has 1B+ resource of much higher grade DSO with lots more unexplored.
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