TSXV:AAA.P - Post by User
Comment by
skip_rickon Dec 18, 2012 10:01am
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Post# 20744695
RE: BHP
RE: BHP Another consideration - at the last AGM, it was said that BHP would only be interested in Dallol IF the basin could produce 5mty in order to be cost effective.
BHP did a cursory review & believed the cost (on its own), as well as its chase for the Jansen project, would have a detrimental effect on its financial statements.
We all know that, in time, the Dallol basin will generate sufficient product to be profitable. I believe BHP is watching the developments of Allana, Yara, South Boulder (although in Eritrea) & others - waiting for the right time to 'pounce' with their substantial cash reserves.
Skipper