unsolicited approach, page-67

80c min with Rockwood and coking coal prospects excluded as Orion Downs has significant infrastructure advantages over peers and is more advanced. The BFS will spit out an extraordinarily high IRR because of it. They should be able to sell it as soon as the are ready to mine it given the contracted production shortfalls from the surronding majors. As a result we may get a JV or asset offer rather than full TO.

Tim is super keen on Rockwood and the Chairman is already referring to it as a tier 1 asset. I know they have drilled down south past the fault line but they are awaiting assay results.

I won't go anymore but the directors themselves will not IMO contemplate 60c so irrespective of Hidili's sitution this game will play out over the next few months.