600mil cash and ph martabe etc, page-7

Excellent result considering.

If PH is valued by the market at $1B then OZL shares are worth about 60c. If the market values PH at about $1.5B then shares worth about $76c. I would think it fair to say PH is worth $1B to a buyer looking for extreme value at the bottom of the cycle but will be recognised by the market as worth $1.5B in share equity given upside potential etc. That is why bidders were offering $1b so they could add value to their shreholders by buying something worth $1.5B for $1B... if you follow my drift.

Some cash for opex and Martarbe capex asw a gtrowth vehicle and OZL will have a formibable gold production profile plenty of copper (think Newcrest on a smaller scale). Would look like a nice takeover target too if gold goes for an inflationary gallop.

goodluck