again, nickel is insignificant compared to its market cap. You’re failing to read or understand the numbers. Copper was 39% of EBITDA and only set to increase offsetting iron ore. Their iron ore business will be highly profitable even at $80 USD a tonne or less. That’s what you’re failing to understand.
What gold mine will move the dial at BHP? A lot of its copper has gold as a byproduct. Produces over 200k by memory. And are you wanting gold simply because it’s a record high? People said that about lithium and BHP always said it wouldn’t invest in it for many reasons. They were right, crashed 90%. At long term gold prices most gold mines eat a lot of the free cashflow. So no thanks.
Worlds best copper mine and the best iron ore business in the world. I’ll invest here thanks.
BHP Price at posting:
$41.02 Sentiment: Buy Disclosure: Held
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