good use of cash at hand, page-4

Autosime
Agree with your sentiments. While some posters think that cash in the bank is not a good thing, I have seen no posters saying BHP with $8.5B in the bank is not a good thing.

All we need is for America to double dip, this will flow on to Europe with reduced demand from America and commodities will fall like a tonne of bricks. While China can absorb a lot of the excess supply, they cannot do it all by themselves. With LME stockpiles currently quite high, it will not take much for a sharp correction in base metals prices. Those companies with little cash behind them could become distressed sellers, just like OZL was. Being a buyer rather than a seller next time round will be good.

We can also continue to develop P Hill u/g and Cambodia through the cycle. Again, this is a significant differentiator to most other mid tier base metal companies.

HT1