Ann: Havilah-BHP Kalkaroo Alliance To End, page-33

@ralphmouth

Questions were asked at the meeting but, from the lack of detail in your post, it would seem answers were in short supply.

"What Chris inferred was that BHP produced a cashflow of the project over the 20 year mine life and that yearly cashflow would be in the 100’s of millions of dollars, based on the assumptions."

Why infer it? What is wrong with providing the detail? How could it influence the marketing exercise? Not to PFS standard (who knows) - OK then qualify all statements made. Give us capex and opex estimates, copper recoveries, con grades and gold grades. Cash flows too!

"Much money was spent by BHP on peripheral spend, which didn’t really relate to the project, but rather applied to the broader BHP mining operations. Ie Electric trucks. They also parallel drilled many HAV holes. It would appear to be a waste of time and money."

So BHP used Kalkaroo as a vehicle to do research for the broader BHP mining operations...pull the other one!

Remember that it was OZL who were interested, not BHP, and OZL did most of the work. BHP had to wrap it up and let him down gently.