time to load up guys, page-41

todays dog is tomorrows must-have hot stock. Its all in the timing.

Everyone told me last year that LNC was a dog. LNC profits funded my averaging down on OZL recently.

OZL is being sold off partly on 2013 fundamentals - higher C1 due to pit expansion in 2013 peak overburden proportion. Partly on general market decline in resource stocks due to global economic uncertainty.

The facts are

a) Copper price is still healthy - $3.49 US/lb
b) AUD losing a bit of ground (always good for exports)
c) Gold price is still nice - north of $1500US /oz
d) OZL have improving c1 from 2014
e) OZL have no debt and have a massive under-employed capital reserve which hardens their survival capability against any potential global economic turmoil. They will be the last miner standing if nobody wants to buy resources in the future. Do you want to be in resources in that eventuality? I think they could do better with that capital in a 5 year timeframe if the board are skilled negotiators with potential marriages.
f) OZL have good experienced operations people and potentially nice future mining prospects at and around Carapateena.

So does todays price reflect the inherent value in this company? I think it looks cheap under $7. I could be wrong but i think its fortunes will improve from next year. Depending on your investment horizon it looks good LT to me. I have been wrong before. :) good luck to all.