I just watched SA Premier Mike Rann present to the Canberra Press Club. Incredibly bullish re his state & mining - listed numerous strategies his govt has applied & intends to apply to address any issues genuine miners may face [removal of red tape to power suppy, water etc].
Rann flaberghasted all those present - emphasised that independent assessments see Olympic Dam as the world's first $1t mine & around for the next 150 years => not a bubble!
Rann went on to emphasise that South Aust was open for business & both state & fed govts strongly committed to partnering with miners - citing the death of the ALP's 'No More Uranium Mines' policy as a watershed.
Re investment by China - this one is now fully exposed & govt endorsed. All the planets are aligning for investement by China in Oz & probably not just in BHP. I just hope our incredibly dumb & short-sighted instos don't let BHP [and other miners] go cheaply & that we don't perform back door fire sales etc.
IMHO Chinese investors currently limited to equities at PEs of ~40 will leap at the opportunity to invest in the company with the world's most valuable mine assets & an insultingly low PE!
4YIO - NFA
Lapdog
BHP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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