BOC 4.82% 43.5¢ bougainville copper limited

Not sure if that's the AFR article in the papers over the...

  1. 2,499 Posts.
    Not sure if that's the AFR article in the papers over the weekend.

    If it is, there's a few interesting things worth mentioning in the item:

    - current MD of BOC says mine could be re opened for as little as $300m

    - mine is still very profitable with robust grades, is one of the world's top half dozen mines

    - Chinese have been showing interest in the mine, even before the Ramu project in PNG was bought into by them

    - Rebel leader Francis Ona appear to be softening his stance

    - Newly elected autonomous government needs $$$ to pay for election promises

    -Boc board says they are open for any negotiations re: the mine

    and mentions a few negatives too such as tax dispute, billion dollar court case, etc
 
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