Australian (ASX) Stock Market Forum

BHP - BHP Group

Jump to new
Market Matters today:

"BHP Group (BHP) +5.56% rallied as iron ore prices pushed up to $US96.35 on supportive Chinese policy comments – UBS upped their price forecasts for Iron Ore, Met Coal & Copper overnight."

Recalling what Market Matters wrote a couple of weeks ago (see post above):

"BHP Group (BHP) – The “Big Australian” enjoyed ~28% of its total revenue from copper in FY24, and in FY25, it’s estimated to be ~33% as the miner intends to more than double how much copper it produces in South Australia over the next decade ..
And ..
"BHP is being driven by the “now” as iron ore struggles with the Chinese economy, but the case for a cyclical recovery for the world’s 2nd largest economy builds by the month, and we like the runway for BHP’s evolution in the coming years.
Yesterday, it was announced that BHP and Aurizon (AZJ) had signed a long-term deal for AZJ to transport copper from BHP’s South Australian mines, assets from its purchase of OZ Minerals (OZL), which they see substantial growth, by rail and road, starting in October 2025."

Held
Holding
 
finicky said:
Market Matters today:

"BHP Group (BHP) +5.56% rallied as iron ore prices pushed up to $US96.35 on supportive Chinese policy comments – UBS upped their price forecasts for Iron Ore, Met Coal & Copper overnight."

Recalling what Market Matters wrote a couple of weeks ago (see post above):

"BHP Group (BHP) – The “Big Australian” enjoyed ~28% of its total revenue from copper in FY24, and in FY25, it’s estimated to be ~33% as the miner intends to more than double how much copper it produces in South Australia over the next decade ..
And ..
"BHP is being driven by the “now” as iron ore struggles with the Chinese economy, but the case for a cyclical recovery for the world’s 2nd largest economy builds by the month, and we like the runway for BHP’s evolution in the coming years.
Yesterday, it was announced that BHP and Aurizon (AZJ) had signed a long-term deal for AZJ to transport copper from BHP’s South Australian mines, assets from its purchase of OZ Minerals (OZL), which they see substantial growth, by rail and road, starting in October 2025."

Held
Holding
Click to expand...
Thanks @frugal.rock The accumulation of BHP by large funds/instos may have been happening for a few months now. I added to my BHP holdings, a good part of my SMSF after your post. I think we have seen the low for BHP this cycle.

gg
 
Garpal Gumnut said:
Thanks @frugal.rock The accumulation of BHP by large funds/instos may have been happening for a few months now. I added to my BHP holdings, a good part of my SMSF after your post. I think we have seen the low for BHP this cycle.

gg
Click to expand...
i already have a comfortable ( for me ) holding of BHP: i am prepared to wait , unless BHP is the best place to park cash at the time )
 
$40 would be a nice line to breach

Screenshot_20250711_133956_CommSec~2.jpg
 
Garpal Gumnut said:
Thanks @finicky . @frugal.rock is not being very nice to you.

Go BHP. The big Australian,

gg
Click to expand...

finicky said:
It's 'good'* to see him back and threading words into sentences after his mental health retreat.
*only in the sense of taking comfort in the familiar
Click to expand...
See what I mean GG?
F wit. 😉 Total f wit.
I call a spade a spade.
For the record, I've been busy elsewhere in real estate.
 
cost and schedule blowouts will see the Jansen potash mine cost up to $US1.7 billion ($2.6 billion) more than previously expected.

BHP originally expected to spend $US5.7 billion building the first stage of the Jansen mine in Saskatchewan province, but said on Friday the budget would rise to between $US7 billion and $US7.4 billion.
.
so, 30 percent ?
 
At least the Iron Ore price looks to be holding up from the reports - Average realised price US$82.13/wmt FY25 - hoping this is the bottom in iron ore prices with reversal back to US$100 as the China and the world get back to growth. The lowest price in FY25 was Q1FY25 at US$80.10
 
Dona Ferentes said:
cost and schedule blowouts will see the Jansen potash mine cost up to $US1.7 billion ($2.6 billion) more than previously expected.

BHP originally expected to spend $US5.7 billion building the first stage of the Jansen mine in Saskatchewan province, but said on Friday the budget would rise to between $US7 billion and $US7.4 billion.
.
so, 30 percent ?
Click to expand...
A billion has become the new million. I guess the accountants ( are they still called accountants? ) will be busy in the bowels of BHP making the tax payers of Canada and Australia pay for the increased cost.

It is still a huge project.

gg
 
Garpal Gumnut said:
A billion has become the new million. I guess the accountants ( are they still called accountants? ) will be busy in the bowels of BHP making the tax payers of Canada and Australia pay for the increased cost.

It is still a huge project.

gg
Click to expand...
will it be started in my lifetime ? ( that is first production )

given some moves in the global economy be half-expecting a potential sale of this project

i also note nickel still has issues
 
marketmatters.com.au

The Match Out: Bang! ASX breaks out of its trading range, scales new highs - Market Matters

The Match Out: Bang! ASX breaks out of its trading range, scales new highs Market Matters - ASX buy recommendations
marketmatters.com.au marketmatters.com.au

BHP Group (BHP) $40.29

"BHP +3.03%: Finished FY25 with strong JunQ production with copper, iron ore, and coal beating expectations, net debt was better than expected and FY26 production guidance was flat. The negative was the start date for Jansen was pushed back to mid CY27 with capex up materially and stage 2 potentially to be pushed out. Jansen is set to become one of the world’s largest underground potash mines, with a potential full-life capacity of 16–17 Mtpa by the 2030s, however, it’s proving more costly and more complex than originally thought.
MM remains long & bullish BHP ~$40"

Held
Holding
 
Sean K said:
Gee there's some big numbers in this. The capex for Jansen is extraordinary. I wonder what the payback timeline is.

View attachment 204034
Click to expand...
Yeah, the Jansen projects has been years in the making, I remember it got put on the back burner for a while, but still it’s been so long since the development started, it will be good when the revenue finally starts coming in.

One thing is at least it’s got about 100+ years of reserves/resources there. So it’s a very long life asset
 
I just thought I'd post on BHP this morning. It has had some dreadful news recently on blowouts in the costs of it's Potash development in Canada. In spite of this, on a near 1% down day for the XAO and XJO it has managed a small gain of 0.05%. I'd just like to say that BHP is indeed "The Big Australian". It has a turnover larger than the GDP of the majority of nations in that pathetic mob of losers, the UN. It is a leading producer of materials for the old economy, and the new such as rare earths.

Never, ever, write off BHP. It is a cornerstone of my SMSF and long may it prosper for me and future generations of Australians. Go BHP.

gg
 
Top