Big mining & smelting ops in China. A 100% subsidiary is PanAust Copper.
Their massive $8 billion Frieda River copper project is facing many hurdles & the price tag is difficult for even the Chinese owners to swallow.
Their Lao copper mine is nearly exhausted. However after 16 years they have a large trained & skilled workforce next door in Laos, note the Lao language is very similar to the Shan language used where Bawdwin is. A highly skilled team inc expats resides in Laos, 1hr flight away.
Does Perilya-Nonfemet want to face the upcoming production shortage, stand down both a large & cost effective local human resource & an expensive pit fleet or snap up a shovel-ready (ignore politics) top tier global asset 200km or so from Chinese border?
$200 million is 1 x quarter's revenue of their PanAust operation, ignoring Broken Hill & Dominican Republic....
Note I'm ignoring politics here
MYL Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
