Another Shoe To Drop?It seems to me that BHP may be planning to increase its interest in SolGold early 2023.
BHP's M and A dept. who are DEFINITELY in control of its treasury
Are trying to salvage its plunging reputation on the world mining stage.
1) BHP paid $100 million for 5% of Filo, which has a deposit albeit large and very high grade,
Is so remote and complicated (it straddles 2 countries)
It may never be mined.
2) After passing up Noront, BHP, breaking its own mandate not to return to Africa, agrees to purchase an 18% stake for $90 million. This might work out. BHP may have to run its ore in trains rolling on Chinese - built and operated railroads. In ANY EVENT, BHP may find out that railroads and ports are monopolies..... and the definition of a Monopoly is that it can
Charge what the traffic can bear!!!
Kabanga may become known for its "profitless prosperity".
3) Oh should I talk about Oz Minerals, another deposit BHP walked away from siting that Oz owners wanted too much? Mike Henry, in a show of defiance, stated to the effect " these deposits are scattered everywhere. We can buy them anytime."
In the meantime, BHP has created ITS OWN COMPETITION !!
Good luck with all this Mr Henry.
We C.....................
JMHO DYODD