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BHP BHP Group Ltd

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  • 38.965
  • +0.205+0.53%
20min DelayTrading Sep 10 12:57 AET
197.56BMarket Cap16.72P/E (Static)
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Comments

    What's one luxury you had to cut back on due to the high cost of living?
    I gave up my golf club membership.
    As a recent graduate entering the workforce, my pre-tax salary of $95,000 still requires me to cut back due to the high cost of living.
    Considering I have an AUD47,000 HECS-HELP loan and aspire to purchase a home in Melbourne, I now have to look for other ways to relax, such as hiking or joining free sports leagues.
    Any recommendation on things I can do or buy for $50 or less that will imp...
    6
    We all know that mining and miners are cyclical. We have had a great, long season.
    What is probably ahead, a short-term bumpy road, is a great opportunity for long-time holders to load up some more. $BHP Group Ltd (BHP.AU)$
    1
    $BHP Group Ltd (BHP.AU)$ No global economy allows it to suffer. Greater stimulus will come. They all do it every time. Falling house prices? Well let’s stimulate with lower rates, shovel in immigrants, lower LVR ratios, grants, you name it.
    China will do larger stimulus packages is my bet, hence I put $100ks more into this and $Rio Tinto Ltd (RIO.AU)$ . Not at the bottom I’ll add, last 2 days caught me off guard.
    1
    Escondida (Chile) has a quoted Capital Intensity for expansion of between USD$17k-USD$29k per CuEq tpa.
    I am expecting that any Oak Dam development would need to be of 100,000 tpa CuEq at least (possibly 2-3 times that) to justify itself (in terms of scale to BHP, and because of depth and moderate grades released so far).
    So at Escondida rates, 100,000 tpa would have development costs between about AUD$2.5B and AUD$4.3Billion.
    I expect that this is very much at the low end, because of depth, and...
    $BHP Group Ltd (BHP.AU)$ and mineral companies did (heavy media advertising) this during the Gillard era.
    The labor government will be voted out next election so it would be a waste of shareholder money to start an advertising blitz, anyone who has done manual labour knows that the Labor Government does NOT represent them. Arguably Bob Hawke was the last Prime Minister who represented the average worker.
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