its all ducks and drakes imho, with RIO the ultimate prize for BHP. Yep, the horizon has changed but for anyone wishing or hoping for a midas touch from BHP for OZL then forget it....RIO is the prize and the BHP board will weave a web, sink the RIO price and as the shareholder angst increases.......drop in a lower but still palatable bid for them to swallow. patience and timing the key imo.