taking up options xstrata style, page-12

snookerque, in your previous post you wrote,
JG---i have asked Altona this specific question about Xstrata holding the project up----1/the answer was no,can only be slow with a payment---as they have to pay 51%of ALL costs and 2/Altona WILL have enough cash from the excercise price of the option----and you are also right in suggesting--"I doubt that given their need to feed the mill"So---if the option gets excercised and if the ore will be shipped direct to Ernest Henry mill---only an access road needs to be built and some on site accomadation----so it will be full steam ahead---IMO

I would like to offer an alternative senario. Say the independant valuer comes up with the broker consensus price of $140 mil for 51% of the agreement area. AOH accepts and distributes a majority of this to its share holders. It then informs Xstrata that it is Altona's intention to expand production in Finland and that the Roseby project investment/development decision needs to be delayed.Unless of course Xstrata makes an offer for the remaining 49% of Roseby that is to good to refuse.