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Cassini chairman and former BC Iron chief executive Mike Young

Cassini to buy BHP Billiton nickel assets

BHP Billiton’s divestment of its West Musgrave nickel project to Cassini Resources has had a dramatic and valuable impact on the junior miner's share price.

Cassini Resources announced today it will buy BHP Billiton’s West Musgrave nickel project, heralding the sale as its chance to become a prominent new base metals company.

The deal triggered a massive spike in Cassini's share price, with the company's stocks up almost 400 per cent to 22 cents at 11:19am WST.

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BHP Billiton (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
310thBHP Billiton20%1%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-BHP Billiton$50,729.3m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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