This morning the BHP CFO gave a strategy briefing.
Here is a quote....Oak Dam is among a very select group of development options ALREADY!
"
So, assuming the projects pass the Capital Allocation Framework tests, strategically our options make sense.
- Copper via Olympic Dam expansions, Resolution, Ecuador or Oak Dam.
- Finding and developing more nickel resource in Western Australia.
- Developing oil projects in the US and greater Gulf of Mexico, and Canada.
- Investing in gas close to ullage in existing downstream LNG facilities, as it can provide a relatively quick payback."
BHP Strategy Briefing
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