Cosmos is a 1% grade mine with no mill
Only BHP Mt Keith mill is nearby so thats its saviour, so BHP is on target for all its ore.
BHP dont need to bid and AF cant block it & with dropping production, lower grades and small mill,
market was pricing WA at $2 recently & may have dropped lower but for the NP rise.
First SOA offer may well be 1-7 all scrip plus 15c ie $3.50
Lougher may have to take what he can get.
This is almost double the price it was recently at 2.00
IGO is not going to give this up, a historic chance to become the 2nd largest Ni producer.
I would take the money at 3.50-3.80 & RUN.
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