Interesting, so what’s your point?
Is it that given cliff of Nova cash flows they need to invest in other projects/commodities? I think it’s clear from their recent presentations that diversifying into copper is very attractive to them.
Or is it a question of whether they are an appropriate partner? My understanding is they are in a sound financial position with no debt, albeit with the cash flow hit from nova retirement and current challenges of lithium/nickel markets.
Have to think with recent experience of acquisition they are going to be gun shy on any major plays, but targetted exploration/development plays the focus.
Regardless would be good to see an update from BUX management on what there plans are for copper wolf, albeit they may very well be in negotiations on it. A quarterly is due this month so maybe we get an update there.
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Price($) | Vol. | No. |
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