Terry Ryder in his hot spotting column in today's Australian has been looking towards Whyalla and Olympic Dam.
Quoting Terry.......mines,including iron ore and uranium enterprises re mushrooming across the Eyre Peninsula. The $30bn expansion of Olympic Dam is under way (not officially ut major contracts are already being handed out ) Mining can now occurin the Woomera Prohibited Area (WPA) and that in time will make Olympic Dam look puny.......I see Whyalla in terms of Queenslands Gladstone 10 years ago.
Why is this relevant to MEP ? MEPs Acropolis project is in the WPA and as I have previously noted the obvious developer of the resource must surely be BHP as I am sure they would not be happy to have another miner in the middle of their project. I suspect the only hold up is the haggling over the sale price and MEP are too smart to let it go cheaply.
Just a thought
kippax
MEP Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
