Benjamin starts by discussing what could come out of BHP ($BHP) creating a “mini-me” corporation. By spinning out a couple “sub-prime” assets that don’t necessarily fit BHP’s model into a company that has its own management team, they could support exploration and development of smaller projects. More importantly, this would help shareholders get better value out of these assets than they are currently. If the top five companies in the space did this, the industry would be helped and we would see a much more vibrant mining community. Benjamin then explains how Private Equity firms work, and how majors could do the same things for themselves and get better value for their shareholders. Benjamin finishes by explaining how he hopes we see a new mid-tier group of mining companies, and that if we do it he expects it will reinvigorate the industry.