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0.00% $26.44 oz minerals limited

4:57:32 pm oz minerals update, page-31

  1. tastarga
    5,867 Posts.
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    10/12/08
    17:41
    Post #: 4592065
    The cash burn rate is not unexpected IMO. Prominent Hill commissioning phase will soak up plenty and I would suggest another big lick to finish it off.

    Conversely once complete the likes of BHP could pick it up for the lazy $1bn resolving most issues.

    Flick Martabe as well should leave the balance sheet intact with cash.

    Leaves Sepon, Rosebury and Golden Grove on the plus side, shut down Century maybe and Avesbury.

    Good base to rebuild from IMO.......now fingers crossed!

    Plenty of action next week at Board level?

    Cheers,TAS
    OZL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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