end off game ?, page-2

I would suggest that AGO, being IO producers already, will be very much focused on their expanded hematite iron ore business. A couple of options might be to:

- spin off all the non-IO tenements/projects/shareholdings (CAP, UTO, HAZ etc, etc)

- spin off the magnetite IO projects

- spin off all non-Pilbera IO projects (ie Mid-West)

Could be via in-specie distribution or float (probably with 'new' AGO shareholders getting preference). Doubt there would be via trade sale, as you think this would be too time consuming (unless Tony Sage's CFE made a bulk offer for all the no-core stuff on offer).