oz minerals in no hurry to spend money, page-12

i believe ozl need a couple of strategies.

=> Modest allocation to exploration (blue sky)
=> medium allocation to buying cash strapped running mines to general cash flows. ozl need to get back to paying divs
This should be easy easy money as the business cash will be known.
Gold should be a part of this
=> Modest allocation to get into some rare earths - i believe battery technology is a huge future market as well as special alloys for new technolgies.

Going too long on exploration will backfire if there is a downturn in a few years time when they start to come online. Better to generate renevue now and close mines later.

cheers