top 100 ways to make ca$$$h, page-7

Only BHP could make a tilt. No other mining company has the cash and is Aust. (The Govt has made it very clear that only an Aust company can own P Hill).

To be a Tier 1 asset, mine life needs to improve from the current 10 years to something like 30 years.

Also, production needs to increase. The copper mines that BHP are part of are producing 75,000t to 100,000t of copper a qtr (if I am reading the qtly production report correctly).

When you combine mine life and throughput, you can see how far away P Hill is from Tier 1. This is probably why BHP did not act earlier this year. (It is a very good Tier 2 mine)

AlbertE, agree with your $600m - this is very close to my figure when I factor in the u/ground production.

When you add in Cambodia Gold production you start to get a good mid Tie mining company.

The issue for OZL is that it will take a number of years to get there (3 or 4), and can shareholders wait that long for capital or dividend improvement?

HT1