OZL wishes to build a diversified mining house. They are already no 2 in the world in Zinc. Acquiring more Zinc companies will not increase the diversity. There are enough brownfield and greenfield Zinc projects in their own mine development pipeline to satisfy their needs.
They are more likely to move into Copper (and enter the 20 biggest Copper plays in the world) or Nickel (but Nickel is currently on the nose with Sulpher (excuse the pun) prices so high). The only other play would be ebergy stocks and PDN is an option here, but the mine is in Africa and there is the soverign risk issue.
HT1
OXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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