re: Ann: June Quarter 2009 Activities and Cas... DB1,
Probably should be on the OZL thread, but I will answer anyway, from what I have gleaned.
OZL will want to develop Cambodia Gold quickly to diversify and not be a one trick pony. That will consume some cash.
They will also want to develop the underground mine at P Hill to maintain output at 100,000tpa of copper. That will also consume cash.
They are doing extensive drilling around P Hill and will use the cash to bring those reserves into production quickly, to increase Copper output above 100,000tpa.
They could joint venture with companies that have good resources but no cash.
They could fund TOE Uranium production ($247M)
They could do a share buyback.
They could pay a dividend.
P Hill is generating approx $AUD 400M in freee cash flow (with Copper at $2.50 USD /lb).
The optionality the company has is quite diverse.
Sorry PNA posters to misuse the thread.
HT1
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