Got is right bull73, specially about Kumara Mangalam Birla and Aditya Birla Group Which I suppose is not only one of the major group in India but also has substantial presence around world. Also with Indian economy growing at around 7% and particularly the growing middle class there is going to be ever increasing demand for modern amenities and housing which inturn would be enough for hindalco to keep operating at current rate or even more. So what I am trying to say is I do not really see any possibility of ABY running out of copper and not even with its current resources and have been exploring more around nearby. There has been quite lot of recuritments during Nov/Dec and in just last week as well for Senior Exploration Geologist for undertaking a new exploration programme at one of existing tenements plus drill & blast engineer, Mining Manager and more. Definately the management is very conservative but I hope that they are planning for some sort of expansion and should have be here in Australia for long.
ABY Price at posting:
67.0¢ Sentiment: LT Buy Disclosure: Held
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