xstrata interest, page-66

Let us suppose this goes to an independent valuation, and they come up with a low figure. In other words everything goes against us. Then XStrata only have an option over 51%.

Altona have 49%. I don't believe XStrata would want this. Then probably XStrata would walk away, leaving Altona with all of Roseby and still able to either court other companies or go it alone.

Or alternatively AOH and XStrata are in a joint venture over Roseby - which is positive.

In other words if everything goes against AOH, then there is still a future.

Correct me if I am wrong.