All Topics / General Property / BHP buying up big………………..

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  • Profile photo of jim64jim64
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    @jim64
    Join Date: 2012
    Post Count: 52
    July 10, 2012 - 5:29 am

    Hi,

    The Adelaide paper headlines today.BHP buying up big,25000 square ks  north of Port Augusta.What have they found to influence this decision???Happy days to come i think.Any thoughts????

    Profile photo of FreckleFreckle
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    @freckle
    Join Date: 2012
    Post Count: 1,680
    July 16, 2012 - 11:09 am

    They’re exploration rights. Standard stuff for the likes of BHP. FMG has a fair chunk of WA sown up so expanding their interest around a major investment like Olympic dam makes sense. You’re talking years to decades here so I wouldn’t get too excited. They have to find something worth mining first. Even then they could take forever to do anything about it.

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