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The question is does BHP need MCRs ore to achieve its...

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zacnic

154 Posts.

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01/04/23

13:09

Post #: 67082120
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Originally posted by SentryBox77: ↑

Answer to your question is a hard ‘no’.

However I would think Cassini is just going to be similar to the mines that there is history on, just that there were some gaps in the (boring) pre start work. In the medium term it will work out fine.

Wrt Wyloo, obviously we have no idea, but it’s worth noting they went from a large MTM drawdown on their 19.9% holding on Monday to no such problem a few days later thanks to what most people thought was a low ball bid. The question I wonder about is did they expect to be getting filled at $1.40 like they started to yesterday? All just rubbish speculation of course.

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The question is does BHP need MCRs ore to achieve its concentrator requirements. The confluence of factors ie MCR lowest share price in 12 months, Wyloos low ball bid and now BHPs position on off take specifications makes you wonder how all this came together now. Coincidence or?

MCR Price at posting: $1.41 Sentiment: Buy Disclosure: Held
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0 Great analysis

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