The irony is that BHP bought Nebo-Babel, (West Musgrave) (Nickel/Copper) from Western Mining, then sold it to Cassini Resources who got taken over Oz Minerals who got taken over by BHP. West Musgrave will be a good project but I understand a major motivation in BHP buying OZL was accessing Prominent Hill and Carrapateena ore to blend with the uranium in the ore at Olympic Dam. BHP has a knack of buying high and selling low. So they were prepared to pay a good price for OZL to fix a problem.
Another irony is that I sold the OZL I got from Cassini (a six bagger) to buy CYM which is about to dilute shareholders to buggery.
Ann: US$15m Investment Agreement with Osisko Gold Royalties, page-163
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