AUD falls to 70c ..if RBA lower rates by 1/4% on a crappy economy outlook., page-83

G'day again platinumstandard. You may not be aware, but Olympic Dam is already an operating mine of some significant scale. You seem to know it doesn't mine iron ore though so it is somewhat incongruous that you didn't know it was already operational.

Yes BHP mine more than just iron ore and petroleum. They have tier 1 assets across the spectrum of their assets.

Take Whaleback iron ore as an example, it has somewhere between 40-60 years life remaining. If the latter then it will have been in operation for 100 continuous years.

Top quality assets producing at a profit in almost any foreseeable economic circumstances (lowest risk). It's a great place to be, especially when you can buy in at these discount prices. It isn't too late you know.