this is serious lets hope, page-61

HI theincorporator

Question is, if its BHP and solely BHP, why is it not a JV vehicle with RIO buying????

Despite all the press and rumour,imho, it is difficult to understand either BHP or Rio making a play for UMC at this time (unless their proposed JV in the Pilbara
has collapsed) OR
as my understanding is that both parties contribute their Pilbara asssets to the JV and BHP add some $5 bill in cash.

Maybe a side agreement with Rio that BHP can offset a UMC purchase price ?

Motsa