review ozl oz minerals limited mineral resourc, page-18

Auto,
I respect your approach but fundamentally disagree.The approach you advocate maybe relevant for a diversified mineral producer like Rio (with its strong iron focus) but Ozl is not Rio.

The point I'm trying to highlight is that Ozl JORC is vulnerable to relatively small movement in variety of economic parameters. This approach will be strictly enforced by Ozl's auditors so its highly pertinant to this forum.

What's is worse is that a small change in the parameter of gold has a big difference in the reserve tonnage of gold. This in turn has a massive multiplier effect on the reserves of copper which goes to the very heart of the viability of ph.

The market has been marking Ozl down for a long time, Ozl is at record lows after falling over 40% in the last few months.
As PH goes underground and the supergene ore is exhausted Ozl becomes a much riskier investment (especially in the context that it would be the biggest single buyer of its own shares!)

This is a viewpoint that should be expressed especially inb the context that all readers here on this thread is how great TB is because he has or hasnt bought some old over the hill in some former communist country that is on the verge of economic collapse. It comes down to balanced perspectives.