afr article, page-10

HT,

Firstly, surely when you put the uncertainty of cost estimates on each figure then it becomes a question of which will actually be cheaper, not a fact of X being 15% cheaper than OZL.

Secondly, we all know cash costs, sustaining capex and lifetime are all just as important to the economic merits as capex alone. As is the risk you mentioned.

The current poc is not great for OZL, but at least with the gold where it is we continue to produce substantial cash, with the other edge of the sword being acquiring desirable assets with our cash horde is going to get a whole lot more likely in the probable event that market malaise continues for while yet. Just so long as we stick to copper (and a bit of gold), please Mr Burgess don't stray into Ni, Pb, Zn, PGMs or bulks etc. And please stray patient, until some banker or trader pressures someone out of their prime growth assets.

Enjoy your posts HT, but not going to read too much into others estimates.

EL