buys carrapateena , page-46

Wonderful to read such a great list of posts. Thankyou.
And IMHO a wonderful 'long term' buy for OZL.
But in the immediate term it will put a drain on the cash flow from PH. This may have a minor impact on the cash available for the dividend.
Combine this view with the ongoing troubles in the Middle East, developing inflation in China that may require interest rate rises and the monetary troubles in the Euro Zone. The oil price goes up and the industrial demand for Cu may go down. The overall market responds downwards.
On a positive note this may make some producing copper mines more affordable.
With all this my memory suggests that HT calculated the Net Present Value of OZL at $Au1.35. No doubt I am wrong as it was some time ago.

On another matter; do they have mine tours at PH? I would really like to walk down the current decline. HC42