takeover target, page-6

The world is starting to wake up to the fact that OXR derives more than 60% of its profits from zinc! Not gold and not copper! Mining News now have the Ox in its zinc producer list! As for a takeover, well it will definately happen in 2007! If you speak to the Ox management their money's on the Ox taking over ZFX! ZFX has offloaded its smelters and refineries for one of two reasons!

1. Make themselves more attractive to a takeover; or
2. Restructure of company to appease banks so that they can access large amounts of finance.

A combined OXR / ZFX would have the following production capabilities post Prominent Hill.

Zinc 780,000 ton
Copper 250,000 ton
Gold 400,000 oz
Silver 6M oz
Lead (not sure)
Uranium 1M lbs

Profit??? $3B per year. P/E of 10 would equal a market cap of $30B. Current combined market cap ($12B)


Then there is Dugold River in 2011!