Agree, much better than a takeover of Anglo and then having the costs to divest the non-productive assets, all costing huge amount of invested capital.
Hopefully Dr. Copper does shine, but not sure what the driver will be? In Aussie at least it hinged on the Labor government policy of the Green Superpower requiring thousands of kilometers of copper into the transition, that now appears on the back burner with nuclear becoming a potential contender with infrastructure already mostly in place.
Reality is Australia is just too hard a destination for capital to be used effectively and efficiently, for now. Australia by any measure has been intentionally dumbed down when it comes to manufacturing, training, and development of resources and there are plenty of places where developing nations, especially the BRIC's aligned will welcome capital to improve their economies.
Australia may well do considering joining BRIC's, otherwise regionally we will be left out in the cold.
There is a tendency for Australia to be hanging onto the coat-tails of the 'imperialist old guard', the world is changing and if you stand still your going backwards.
BHP Price at posting:
$41.54 Sentiment: Hold Disclosure: Held
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