S32 0.82% $3.71 south32 limited

Agree, curious.S32 was born without an exploration portfolio....

  1. 5,435 Posts.
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    Agree, curious.

    S32 was born without an exploration portfolio. Creating one is hard work. Every junior seeking drill money has knocked on their door.

    For its part, S32 will have considered every base metal project globally at least three times. The very strong balance sheet means it can act on opportunity whichever way the wind is blowing. GK & team's discipline here is commendable.

    Sadly, the best projects are rarely for sale, and are very fully priced when they do come up - look what SFR paid for Matsa!

    Patience.

    Ash
 
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