Oz will not make an acquisition in the next few yeas.
I'm taking an educated guess that you may get a shock at the next quarterly to see total costs roughly in line with net earnings. Falling gold grades and gold prices along with a falling copper price do no bode well for earnings. The cash balance will very quickly diminish if it continues like this. I don't think precious and base metal prices have found a bottom yet. Holding a large amount of cash is definitely the best thing going forward for oz.
OZL Price at posting:
$5.28 Sentiment: Hold Disclosure: Not Held