would ozl buyback avebury?, page-7

Ville,

I seem to recall recent news of foriegn mining companies in Indonesia being forced to sell down to below 50%. Not sure it's a place that warrants investing large capex like for Martabe when the rewards might so easily be reduced.

Mission, I agree we should stick to copper gold. I don't want my OZL copper diluted with nickel, zinc, aluminum or iron.

If I want nickel in my portfolio I want to be able to choose that exposure myself, as I do(IGO and WSA). Nothing intrinsic wrong with nickel (unlike with zinc imho), but it's price is more volatile, and I'd be very wary of the higher cost operations such as Avebury appears to be. My problem with my nickel was getting it diluted with some dubious copper zinc mines.

Very happy if OZL were to stick to IOCG deposits in SA, and any limitations to growth that might bring. Good IMO for small/medium sized companies to have focus, then we can choose the ones we want to get our own diversity.

EL