has the ox come of age?, page-12

macquarie ups oxiana's 2006 earnings a$55m Macquarie Research ups earnings estimates for Oxiana

(OXR.AU) by just A$1 million to A$61 million for 2005, but more significant A$55 million

to A$151 million in 2006, A$24 million to A$96 million following year as result of A$265

million purchase of Golden Grove zinc-focused mine in WA. Maintains Outperform rating,

A$1.05 12-month price target, vs last down half a cent at 93 cents, pointing to expansion

potential at flagship Sepon mine, development Prominent Hill project