Oliphant the bit about rasp being a large cost for the combined...

Oliphant the bit about rasp being a large cost for the combined (cbh pem) merged company e.g 120 million to develop is not true. It may be a large cost for cbh if they had to build there own mill, however if the two companies merged both would profit straight away. If you drive along the seventeen level in Perilyas southern ops it ends on the cbh lease border right alongside their ore body . The merged company could access the substantial ore body that sits between the two leases as a no go zone straight away and truck it straight across too the perilya main hualage shaft and send it straight up to their mill. This would benefit both companies and is the main reason why it is such a big deal to have the line of load owned by one company. It cuts costs and provides access to the ore that would otherwise would be untouchable in the no go zone between the two leases.