And at the same time as SFR today OZL announces BHP raised their take over offer to $28.25/share. A 13.0% increase to BHP’s original offer price of A$25.00 per share. This gives an enterprise value for OZ Minerals of A$9.6 billion.
OZL West Musgrave project requires finance and announced a new $1.2 billion syndicated facility supported by key relationship banks, subject to final binding agreements as of Sept. Plus the Feasability study of the MHP study requires an estimated capital cost being $A325m.
So we are talking north of $11 billion required from BHP.
BHP don't give a damn about current market shortfalls.
I'll talk on this more later on,
And at the same time as SFR today OZL announces BHP raised their...
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