Ann: June Quarter 2009 Activities and Cashflow Re, page-20

re: Ann: June Quarter 2009 Activities and Cas... Hi all,
I do not like to be a wet blanket, but as I said on the weekend, peer comparisons are important.

P9 table 4 has total prod costs of $1.63. compare to OZL of 99.8
P9 table 4 has average copper price of $2.01. Compare to OZL of $2.12

Appendix 5b (p11) has operating cash flow of - $11M USD and p 12 has free cash of $36M.

Peer comparison would suggest that the numbers are not the best.

I am not saying go and buy OZL, and if others can present alternate data, I am happy to say "ooops".

HT1