i hope it is not ozl!!!, page-25

Senoj,
Based on my calcs, the free cash flow from P Hill in 09/10 is approx $330M Aud (Copper at $USD2.30/lb, exchange rate 80c and C1 costs at $USD 0.75c, 100,000t of saleable Copper) IMO, the 1/4 prod report will be critical in reporting the C1 cost for P Hill and whether it is ramping down as startup ramps up. If we are not generating significant cash in the 1/4 we are currently in, I would be surprised.

Certainly, Copper, Gold, cobalt are good metals to be in. I have not done much research on rare earth metals so cannot comment on these. (I would leave Zinc, Lead, tin and Nickel alone, unless the grade was excellent (WSA for example))

Having multiple income streams, as you have suggested, would be a natural hedge. From what I understand, rare earth metals have applications in cars and planes. The car will be around for a while, so your idea has merit.

Daniel86,
All the info I have is from the last qtly report P4 and 5.

There would appear to be a good opportunity in the Cambodia tenements and they seem to be 100% owned. The Indonesia exploration is divided into 3 areas. Two appear to be 100% owned and the other one OZL has a 90% interest.

The Americas and China appear to be copper and Copper/Nickel . Thailand is very vague, but they do have some Phosphate tenements. From my understanding, the infrastructure required to mine Phosphate is prohibitively expensive. IMO, the board should revisit the exploration schedule and let go of some of the tenements to concentrate resources in areas that yield the best returns.

HT1