Sorry, I should add the corollary is that there are many other base metal plays at values extremely below their medium-term value.
The cash can be redirected there. E.g. BHP is in the news buying further into a Canadian listed Ecuadorian Tier 1 Cu /Au project.
The recent purchase is roughly half what they paid for 11% of the co. in Dec last year and maybe a 1/5 of what it should be worth over the medium term.
Ann: Suspension of Operations at Nifty Copper Mine, page-142
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