will bhp olympic dam affect pen uranium price, page-7

binbin,

I think you will find that BHP plans to spend $20B on OD, (not the 80 you quoted)

OD is a copper mine with Gold and Uranium by-products. The main game for BHP is the copper.

On another matter, OZL bought Carrapateena (a copper deposit in the gawler craton about 120kms from O Dam). C has no JORC, but estimates are 3mt of copper and 63000t of U at approx 200ppm. Like O Dam, OZL will mine for the copper and the U is a by-product.

For any pure U miner, having other miners that regard the U as a by product with no production costs allocated to the U is a big risk to them.

I hold both BHP and OZL

HT1