what are others thoughts, page-8

well said AP.

"it's the best deposit not held by the majors"

so in reality, the majors and the chinese are the only ones who can afford it.

from the majors point of view, they would want to snap up all the quality deposits/companies to avoid serious attempts to gain access to their infrastructure.

a 60mt deposit at 55% would have a hard time getting out of the ground in these times. therefore, no threat.

a 100mt DSO deposit at 60%+, as bungy has mentioned a heap of times in the past, WILL make it out of the ground. therefore, enormous threat.

a major buys it up, stops the chinese and FMG from getting into their backyard, and they dont have to deal with annoying 3rd party access deals.

the way i see it, its win win.
for both UMC and the major.

and by major, clearly i mean bhp.
yes, my money is on bhp.
without the benefit of westaussies info, i just cant see how bhp isnt the best place major to snap it up if it came to a T/O.