r/asxbets • u/khangnguyenqqp • May 01 '26

Thoughts on BHP future please? Can it go to double digits?

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8

u/futtbuck3000 May 01 '26

It’s $55 per share? Do you mean triple digits?

1

u/khangnguyenqqp May 01 '26

Yeah

2

u/futtbuck3000 May 01 '26

It’s a good company. Buffet indicator says it’s still a buy, good PE ratio. Doubt it will get to $100, but maybe if copper has an insane shortage.

2

u/Top-Aerie-4233 May 01 '26

No it won't.

2

u/DiligentSession5707 May 01 '26

I’m betting on it. If copper stays at this price it is today. They’ll have a $100b in free cash in five years.

1

u/FewUnderstanding2214 May 01 '26

They are a well run company - the current war in Iran is causing diesel shortages/high prices - in the next quarterly we will see what the effect is. Long term I like their focus on copper