dreamtime scenario

G'day all,

You can bet London to a brick that the Chinese are more than a little interested in eventually cornering the output from Lumwana.

According to reports, they hold nearly 1.5 trillion of their reserves in US dollars which are rapidly declining in value and need to be disposed of quickly, preferably on assets - and EQN would be right up there among the most desireable of the emerging producers of probably the most important commodity for their burgeoning economy.

I dream of a bidding war erupting between these Chinese national interests and some of the copper majors who must also view Lumwana as a plum ripe for the picking.

Cheers ... WJ