BHP & OZL most serious in Australia and their future on copper...

BHP & OZL most serious in Australia and their future on copper is clear as one wants the other - the other plays hard ball of course.

Rex has been kicked down the road for so long. Yet with approvals locked in - many key development processes well advanced we are languishing on low value. Perhaps the FID as you say will be the catalyst or the big green deposit at depth if proven would certainly be that catalyst - given Olympic Dam & Prominent Hill are in the same conversation as the Rex Gawler craton - one would think the green deposit below is a very strong possibility as the other two mentioned and both those companies would consider the same possibly - yet no known interest anywhere re financing - takeover for whhich of course is tightly guarded however something could have transpired well before now.

If the green below proves up as hoped - as tech 3D modelling suggests - that will add a very large value to the asset - then financing much more readily available or the dreaded takeover scenario comes into play - at a much higher premium of course. Anyway I assume that is why the 3D thing @ 1.5 million - DD holes carried out - they want to prove up a much larger resource which in turn changes everything damatically if proven - all for the sake of 1.5 million and more months waiting. we'll know more very soon.