Re: BHP’s War Room

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

fahrenheit451

Rank: Treasurer [?]

Points: 3620 [?]

Votes: 65 Score: 2.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: BHP’s War Room

in response to

BHP’s War Room

Hobbit

posted on Dec 14, 2021 01:26PM

My read and opinion is that the bidding war is over and a sale price has been established at least as it pertains to Wyloo and BHP. Appears during the discussion between Wyloo and BHP a partnership was never going to result. Wyloo put a sell value on their shares of Noront and BHP couldn't/wouldn't agree on it. The only process forward imo is BHP comes back with the price Wyloo valued it at or they simply bow out. Wyloo is clear that anything less than that they will beat up to the value they placed on it. BHP therefore would be wasting their time by offering incremental increases.

I reference this by the following statements by Wyloo...

“We’ve got a view on the value of these assets and

if we don’t think BHP is going to pay that price, we’re not going to sell it."

“They’ll have to go back to the desk and

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

Re: BHP’s War Room

if we don’t think BHP is going to pay that price, we’re not going to sell it."

form a view of what they think it’s worth, but we’ve got a very strong view of what we think it’s worth and that’s why we made the bid today.”