1. Most Discussed
  2. Gainers & Losers
BHP $32.91

why do this

  1. billytea

    1,544 Posts.

    Just a part of a newsletter:
    Gold Stock Alert
    The beginning of the end?

    Bob Moriarty
    February 13, 2002

    "New and interesting. If you want an interesting low grade but enormous copper play, buy Northern Orion (trading as NNO-T) Famed financier Frank Giustra just put together a package for NNO allowing them to purchase the Agua Rica property from BHP. The property has 10 million ounces of gold and 18 billion, that's right 18 BILLION (as in Federal Reserve $ numbers) pounds of copper. Low grade but according to my friend Kevin Klomblies, copper is headed for $1.20 this year. The short story is that NNO is buying $50 million dollars worth of drilling and work for $3.6 million now and $9 million down the road."

    Is BHP so inefficient that they can't mine a 10m ounce resource economically?

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.