Where are you getting your facts from Mr Xanax? Do you know how many tonnes BHP purchase from OZL? Could you give an answer please?
If you can't give an answer, here is a high level answer - OZL has a diversified customer base and not reliant on any single customer or geography. Even when China/Australia had trade tensions, OZL made it clear they are not reliant on the China customer base - OZL sells their product to a diversified customer base.
OZL have not even entertained the idea of of $25 i.e. they are not even willing to open the books at that price. I'm sure the answer will be the same at 10% or $2.50 over the offer price.
OZL Price at posting:
$25.70 Sentiment: Buy Disclosure: Held