sandfire speculation, page-3

One of the hurdles to Ozl making a full tilt at Sandfire was

the Korean stake of Posco's.

The original 19% that OZL grabbed at $3.80 odd ($100 mill.)

increased on TO speculation and got out of hand rising to

$7 plus.

During the PIGS saga they had another opportunity to move

when the SFR price dropped to $5 odd but showed no

interest.

If these rumours are true then now would be an opportune

time to again look at picking up the lot for around $5 to

$6 odd.(TO premium built in )

As OZL have missed out on North Parkes maybe now would be

the right time to pick up a producing mine to fill in the

production hole after the end of Prominent Hill and the

start of Carrapateena.