It shows like most journalists, Oakes has little or no knowledge of how mining investments are made. I suspect is you asked him for a DCF analysis, he would take it to mean decaffeinated coffee. Which is why he probably relies on Rory Robertson, a banking analyst (whose credentials in mining analysis I have no knowledge). However his case, as put by Oakes seemed inappropriate, trite & naive.
There are quite a few journo's, treasury boffins, economic modellers, and one Prime Minister and one Treasurer who need to be given some basic lessons in mining economics. The ALP might not have made this big mess otherwise.
