Morgan Stanley think olympic dam is history because of SuperTax
Olympic Dam mine, the worlds largest uranium deposit, is
unlikely to proceed because of the Australian governments planned mine profit tax, Morgan Stanley said
Their modelling with 40% tax reduces the NPV to negative
Could BHP possibly be looking to replace the Olympic Dam with Extract?
I dont know of any information for sure only speculation on my part
Just seems to me a slight possibility if BHP want to have a significant U302 mine
Its an important fuel into the future and BHP has access to the customers
If so Rudd may have done some of us a favor
Source of Morgan Stanley comment
http://www.businessweek.com/news/2010-06-15/bhp-olympic-dam-expansion-unlikely-on-tax-morgan-stanley-says.html
My opinion only
G48
Morgan Stanley think olympic dam is history because of...
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