HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: From the trenches....lol, and FWIW

Pete

"May be a bit of a tussle given that Wyloo won’t be easy to shake up as a shareholder."- Cupcake

Thats why I stated the final, NOT agreed up price is $14(C).

1. BHP has the production/ delivery technology, knowhow, reputation, and worldwide supply management system,....now.

2. BHP is not pro China; Wyloo, is depedent China; its' economic base depends on China, and BHP's doesn't.

3. My "back of-the -envelope" included a full pay back of the Wyloo capital costs,+ Apprx. 25% interest: added to the last verbal Wyloo  $7/ share "ask".

4. $14 price  was calulated to, (as a minimumum),  gain 51%BHP voting  NOT conrol by BHP.

5. I expect Jointly announced ON government-BYP- battery/ build job announcements over the next 6 months.

6. Possble ON minor share ownership, if BHP dividend shares, as an optional price option.

We shall see in about 30 days.

Imo, Peter

 

 

 

 

 

 

 

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