If Wyloo comes in with a higher offer (of any other company for that metter) and the Board does not recommend that offer, we know for sure they are only looking out for themselves.

As shareholders, if we don't get to keep our shares to be able to participate in the future growth of the Ring of Fire, what does it matter who buys Noront.  On thr other hand, if we get to keep our shares if we want to, then we would have interest as to who takes over the Ring as we want to make sure that they will maximize our returns.  But if we are forced to sell our shares, the only interest we have in who is buying is the price they offer.

If the Board keeps recommending BHP's offer if higher offers come in, then the Board is getting a sweet deal for themselves from BHP other than simply selling their shares and taking advantage of their options.  The Board, after all, would qualify for the higher offer on their shares just like all other shareholders, so the question has to be asked: If a higher offer comes in and the Board still recommends the BHP offer, then what are they getting in the background from BHP that we do not know about?