Well look it's all speculation from our side anyway. Whether BHP, Western Areas or a chinese 3rd party such as Jinchuan or Kagara's partner-GFTG Shengto Metals make an offer remains to be seen. Also Beijing Jintai Yuanchung Mining (Jintai) and Taifeng Yuanchung International Development Group (Taifeng) must be looking for a new project after getting snubbed out of the Einasleigh copper project by Kagara.
Goldman Sachs will certaily be incented to get the best price. They wouldn't have it otherwise.
In the end Western Areas are mad not to grab it. It cost Kagara 60 mill. All they had to do was offer 120 mill and they probably would have got it but I take it they wanted it for less. Now its gone out to auction, for a price which they must match and Kagara certainily has the connections to find plenty of suitors.
KZL Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
