what are others thoughts, page-37

AP

When BHP JV'd with Goldsworthy, technically speaking, they did not relinquish any tenements. Under the Mt Goldsworthy (Iron Ore) Agreement Act, they had to relinquish any portion of TR3156H which exceeded 777 sq km in the form of a single or a number of parallelograms.

Now I feel that the way it went about choosing those parallelograms was very much on the basis of historical drilling, together with a touch of visual selection. To tell you the truth, apart from the blatantly obvious, a good deal of the selection was hit and miss.

From what I understand, soon after disposing of that land, BHP could have reapplied for most, if not all it.