Good point and particularly so if it is done via the acquisition of an existing biz which has its home base in the mid west where labour will be plentiful. A US ‘Gateway’ would be good. The dual benefit is thar we might also get a boot along on the exchange rate when we report AUD earnings on a US based division. i can see our rate getting back to 60c - a 10% uplift on current position. The negative might be that steep US TARIFFS, cripple our mining industry and by default all the mining service providers.
LBL Price at posting:
62.0¢ Sentiment: None Disclosure: Held
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