Hi Nectar38,
Please write to Marius Kloppers and see if he is interested in a JV or T/O of SDL and put the points below in your post to him.
"The $4.6B capex to build the Sundance's raIl and port that will haul 100mtpa of minerals equates to only 3months worth of profit for BHP!
Looking at BHP's biannual erports for the last 12 months, they are making approx $10-11 Billion profit every six months!
An offer of $1.50-$2 per share for Sundance or $3.4Billion-$5.6Billion buyout figure would mean the following for BHP, and this applies to the other big three miners Rio Xstrata and Vale:
1. Sigificantly lower cost of iron ore production that most other regions in the world, including Australia
2. Capacity for significant resource increase with many iron ore deposits in SDL's tenements in Cameroon and Congo, allowing profit increase
AND MOST IMPORTANTLY
3. protect the supply of iron ore to China. maintain production levels that will not oversupply the market and push down the price of iron ore to below $70 per tonne which China plans on doing."
regards
jukieoz836
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