Really 80% Ni? Not in earnings surely?
Anyway back to Oz, yep they have missed several opportunities to buy assets, but at a valuation of A$1Bln & over A$400Mln in cash & an asset with a very long mine life & potential with Carpentaria I think they are now a take over target.
Carpentaria's numbers must have dramatically improved with lower AUD & lower fuel prices.
