canada redomicile, page-2

Q,while this particular story relates to Canadian assets,and a different commodity,at least it shows that they(the pension funds) are diversifying and more importantly have cash.

Two Canadian Pension Funds Turn Eye to Rio Tinto's Iron-Ore Assets

Canada's pension funds have typically focused their big investments on infrastructure and real estate. These holdings offer steady returns that match up well with their pension obligations and often perform well during periods of economic turbulence.

But increasingly, these investors are showing more interest in the resource sector as a way to diversify, hedge against inflation risk and in some instances generate significant capital gains. Toronto-based CPPIB is Canada's largest pension fund, with about 183.3 billion Canadian dollars ($174.2 billion) under management, followed by Quebec's Caisse de depot, which oversees about C$176.2 billion.

http://online.wsj.com/article/SB10001424127887323899704578587843554728904.html

Frankly the release of the 17th of May this year,is of more concern to me.
The review process has no timeline.

One would have thought that a line in the sand would have been drawn in relation to having three potential power supply options,presumably two third party and one self owned/operated option.

The story in the Australian last year perhaps should have raised alarm bells.
$1.50 per pound including other metal credits.

"It is expected to confirm robust economics, with cash costs of production of about $US1.50 a pound after gold and moly credits."

http://www.theaustralian.com.au/business/opinion/bhp-billiton-sets-its-sights-on-copper-after-assessment-of-bull-market/story-fnciil7d-1226486892717

Given emerys continual ramping last year,how he has survived the no power debacle is somewhat perplexing.

Again why wasn't there a binding contract already in place for the power supply,as everyone knows, power supply in PNG is almost nonexistent.
This and this alone should have seen emerys demise.

Raider