latest from prominent hill, page-58

Hi all.

I am on R&R at the moment but will be back to see what is going on next Wed. I will post then.

As far as the BHP-P/H posts go I can feel a bit of one sided self interest going on. My bet is that OZ will not ( and will not need to) sell off P/H. This is the jewel in the crown. This mine will be going long after we have all lost interest in anything to do with equities. That is we will all be dead! Word from OZ management to staff is that the copper price can half again from its present price and P/H will still be making money hand over fist. The banks will have taken this into account and, after all, (their business being lending) will settle on an arrangement which will allow them to "participate" in the riches.