jorc before you walk, page-4

DJ,
Agree.

OZL has already demonstrated patiance with the initial purchase of SFR shares. They know that share prices rise and fall and, esp with explorers, if there is any bearish sentiment out there, companies like SFR probably suffer more than producers. If OZL maintain the diligence and patiance wrt SFR that would be good for OZL holders.

Carrapateena will not be cheap to develop. It will consume all our cash and potentially up to 2 years of free cash flow. I am OK with that as long as the benefits that OZL get far outweigh the cash absorption.

HT1