RXM 7.14% 22.5¢ rex minerals limited

People not prepared to pay for Copper assets? Tell it to BHP...

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    People not prepared to pay for Copper assets?

    Tell it to BHP they are ready to T/O merge with Anglo despite the latter struggling with grade declines, like themsleves. Anglo's AISC of Cu is est. $1.57 their mined grade at Quellevaco is 0.55% Cu. It's a function of size/ volume & scaleability is precisely what were offering buyers.

    The key thing the merger offer BHP I think is throttling Cu development to ensure the Cu price goes up. They must have loved what Anglo did.

    All IMVHO
    Last edited by arsenic: 25/04/24
 
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