Mardie Media, page-191

Interesting (& strange) comments here in this AFR article re BCI, Australian Super and their investment.

Access the full article from the link below, or find yourself if unable.

BCI is a 'private company'......????? Great journalism right there.......

And, in the context of the article regarding 'Critical Minerals', AusSuper has chosen to mention 'Potash' rather than Salt, although granted, salt is not 'Critical' in supply....????

Maybe there's hope for SoP yet?

"Over the past decade, AusSuper has amassed a $3 billion portfolio of investments in six listed Australian miners including a 19 per cent stake in Syrah, the largest vertically integrated graphite producer outside China. The fund has also provided debt financing via convertible notes for the miner, which has received US government funding to set up a processing facility in Louisiana.
AusSuper also owns stakes in small-scale copper miners, including 14 per cent of 29Metals, and 15 per cent stakes in Sandfire and Evolution Mining. “We’re also looking at potash, like BCI Minerals,” Mr Smith said. BCI Minerals is a private company in which AusSuper holds a 31 per cent stake. Potash is essential for agriculture.
AusSuper can afford to be patient in its search for long-term returns. “Our mandate says we invest on average for five years or longer, which is great for critical mineral projects because they need patient capital,” Mr Smith said. “When investing in critical minerals, we will act like we normally do, which is patient, considered, and wait for the right opportunities to come along.”

https://www.copyright link/companies/mining/aussuper-sets-sights-on-becoming-a-global-force-in-critical-minerals-20240517-p5jef6