This SolGold situation could be quite interesting. Either NCM...

This SolGold situation could be quite interesting.

Either NCM will defend/look to increase its stake or someone will lob a T/O bid for the thing. There is no way BHP will sit on just 6% and I don't see NCM being happy with just 14.5%.

Wouldn't it be nice if BHP offer a script deal for NCM. BHP would get:
- 2 x existing Long Life low cost assets
- Copper growth through Wafi-Golpu
- Block Cave expertise
- Decent land to explore/ partnerships with juniors

We'd then get exposure to a higher payout ratio (earnings) along with a company that is set to benefit from the turning commodity cycle. Copper defect, conventional oil business solid with oil rising etc. etc.

We can only dream...