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: BHP’s War Room
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BHP’s War Room
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Hobbit
Dec 14, 2021 11:40AM
Re: BHP’s War Room
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cb2go
Dec 14, 2021 11:51AM
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fahrenheit451
Dec 14, 2021 01:26PM
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Tin Man
Dec 14, 2021 01:30PM
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cb2go
Dec 14, 2021 01:35PM
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Hobbit
Dec 14, 2021 01:38PM
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Tin Man
Dec 14, 2021 01:46PM
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Hobbit
Dec 14, 2021 01:54PM
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Hobbit
Dec 14, 2021 02:02PM
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crazytrade
Dec 14, 2021 02:24PM
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Hobbit
Dec 14, 2021 02:29PM
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fahrenheit451
Dec 14, 2021 05:08PM
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Dec 14, 2021 05:29PM
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Dec 14, 2021 05:35PM
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Vermillion 2
Dec 14, 2021 06:48PM
Re: BHP’s War Room
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Vermillion 2
Dec 14, 2021 06:51PM

F451,

Although Wyloo says they will beat the price up, they must have a limit as to how high they will go - and it's likely significantly lower than what they think it is worth (hence the question re: what ROI are they looking for). Wyloo may think it's worth $20, but they wouldn't pay that much for it, and they know BHP wouldn't either. The spread is BHP's opportunity window.

BHP only needs to beat the price Wyloo's willing to pay (and vice versa), they don't need to beat what Wyloo thinks it is worth.

Cheers and GLTA,

Hobbit

 

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