The 2.70 valuation is an absoulte joke I agree. OXR will be generating cashflows 700 million + a year and that is just assuming todays commodity prices. It could be much much more. With a 22 year mine, I highly doubt a cost increase is going to do anything in the long run. To me the announcments are great news! It remiinding the long termers that Prominent hill is less than a year away and when commissioning begins, I believe the current sp will be looked at as a joke. Chart wise OXR are finally moving away from a sideways trend that has been in the making since may 2006. Look at LGL... I believe a very similar thing is happening to OXR.
Cheers.
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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