Original article by Matt Chambers
The Australian – Page: 20 : 3-Sep-14

The stock of BHP Billiton closed $A0.20 higher at $A36.90 on 2 September 2014, as analysts start to recognise the gains to be made in its Western Australian iron ore operations. The disappointment at the lack of a stock repurchasing scheme has overshadowed the fact that BHP will have its value lifted by as much as $US9bn ($A9.7bn) thanks to the Pilbara mines. Their output forecast has been raised from 225 million tonnes to 290 million annually, while the cash cost will fall from as high as $US120 a tonne to under $US50

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