RE:BHP offers $7.5B Cdn to buy Oz Minerals Low Grade Nickel depRM,
BHP Mt. Keith cut off grade is .4% and head grade of .5% so like CNC it's the scale of the project that keeps it going. Interesting they are building a solar energy project for the mine. Shows they are clearly in the green energy low carbon credit game.
Big partnerships can happen at any time, especially moreso in this new enviroment where strategic metals is critical to ensure the billions the carmakers are beginning to spend.
I missed out on a gold mine buyout about 10 years ago. They were hitting what I thought were nice grades but there was limited interest on the boards and was trading thin in the $1 range.
Overnight buying power came in out of nowhere doubling it on no news, then doubled again in over next month or so as more good results finally came out. I thought the run was over and there would be a pullback to $3. It was bought out at $10 about 3 months later.
Major lesson learned it's better to hold some then sit back watching thinking you're smarter than the market.
Voiseys was bought out just over 2 years after discovery.