You are talking about a company that recently made a $5 Billion bet on.....potash.
BHP are future facing.
They want to be super leveraged to the nickel and copper price. Plus, there is no reason to discount future supply crunches for copper/nickel.
Iron Ore plummeting, oil/gas shelved, aluminium/lead/zinc no interest (South 32 spinoff), Chinese have their nickel supply stitched up through the Philippines.
WSA is very much in demand before Japanese/Korean interests start signing nickel offtakes.
Above is not financial advice and my opinion only.
Why I think that if IGO bids it needs to be at least $4.00 per share., page-28
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