OZL 0.00% $26.44 oz minerals limited

more cost cutting initiatives, page-6

  1. 1,197 Posts.
    Evening Ken And GAl, hope you don't mind me butting in here, thought i could throw in my two bob.

    To shut the mine down would still have costs that have to be payed reguardless eg insurance, care and maintenance, could have a fixed power contract. Then the costs to pay poeple out, then the greater cost of re hiring poeple and re training, contracts with contractor ect. So perhaps not a great idea to shut it down, but hay always good to throw some ideas around. One way of increasing the profits without processing extra tons is to increase the recovery rate, but that would have more then likely been looked at.

    I used to work with the production manager before he went there, very quaified Met and a dam good bloke. I'd no that he would have done everything he could out there to improve plant proformance and still look at ways to improve. Once again a good person for the job.

    Perhaps all they can do is to hang tight, and cut costs were they can and await an increase in zinc.

 
watchlist Created with Sketch. Add OZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.