long trend down, page-44

Hi dogboy1,

If you look at OZL, what does it have

1. A mine producing 100,000tpa of copper from open pit with an 8 year mine life.
2. Carrapateena that will not come into production until at least 2018.
3. lots of irons in the fire, (Munda study for instance) - but nothing concrete.

Currently OZL has no near term growth prospects. It could buy RXM, but by the time they do all the work, mining would probably be 5 years away (2 years before C).

They need something like SFR or TGS. Something that is close to production or producing. or is close to production and has a cash problem and OZL goes into a JV.

IMO, RXM does not fill the short term (2 to 4 years) gap in OZL's growth pipeline.

I am happy to hear alternate points of view on this one.

HT1