Write-up on NRX, page-27

Current copper price at $10103.00 pt and the writing on the wall is there for all to see with BHP’s bid of $60b AUD for Anglo America being rejected and needed the offer added to . Lots of copper juniors may start getting a few more bids imo and none more so than NRX with its $7m valuation on massive amounts of land neighbouring proven mines, even RIM is nearly 3 x’s it’s just gone December valuation SP of 1c now almost 3c whilst it touched 4c not long ago based on its cobalt copper play around Broken Hill with a $60m MC, 10 multiples of ours. What they do with the Canadian assets is questionable but may be worth a lot more than what’s cooked into this already ridiculous valuation. JV’s or spin-offs of the Uranium further forward could be more than on the cards imo. BHP have sold off lots of their oil and gas interests to Woodside and with this latest bid for AA and not long completed takeover of Oz minerals means they are betting huge on Copper and I doubt very much without good reason, lots of lithium for the electrification but copper is a totally different story just ask JT.