a lower a dollar means higher profits

doesn't it?????

2 weeks ago

zinc US$0.80
ni = US$7.50
cu = US$3.50
gold = US$840

a US$ = A$1.17

zinc A$0.93
ni= A$8.78
cu = A$4.09
gold = A$982


Today

zinc US$0.67
ni = US$6.09
cu = US$2.46
gold = US$900

a US$ = A$1.56

zi = A$1.05
ni = A$9.50
cu = A$3.83
Gold = A$1,404

our zi is worth 12% more
our ni is worth 8% more
our cu is worth 6% less
gold is worth 42% more

zinc & nickel is actually worth more,gold a lot more copper less
the value of the company based on reserves (not resources) @ todays prices is $2.33

check out the calculations

Zi = .36
Cu = $2.28
Ni = .14
Gold = .46
Total = $3.24
Cash = .38
Total = $3.62
Minus assets = $1.29
TOTAL =$2.33




Calculations based on this data on the OZL site.
http://www.ozminerals.com/Operations/Resources--Reserves/Statements.html

Zinc
Reserves of zinc = 6235 kt
1kt = 2,204,622 lbs
13,745 m lbs
reduce resource by 15% for lose in production
11,952m lbs

actual zinc price =US $0.67
costs at OZL’s biggest mine, Century = US$0.55 (include .08 pre-strip cost and you get 63 cents)
long term cost assumption = $0.60
profit per lb = .07

quantity x profit = $836m
discounted 10% for risk
$760 m
number of shares = 3,261,092,506
US$0.23
A$1 = US$0.64
A$0.36

Copper
Reserves of copper = 1878 kt
1kt = 2,204,622 lbs
4,140 m lbs
reduce resource by 15% for lose in production
3,600 m lbs
actual copper price US$2.46
estimated costs at OZL’s biggest project = US$0.85
long term cost assumption = $1
profit per lb (2.46-1)= $1.46

quantity x profit = $5,256 m
discount rate for future earnings = 10%
$4,778 m
number of shares = 3,261,092,506
$1.46
A$1 = US$0.64
A$2.28


Nickel
Nickel resource = 56.1
1kt = 2,204,622 lbs

123 m lbs
reduce resource by 15% for lose in production = 107 m lbs

spot price of nickel US$6.09
cost at OZL’s biggest mine, Avebury =US $2.50
Long term cost assumption = $3
Profit per lb (6.09-3 ) = $3.09

Quantity x profit = $330 m
10% discount for future earnings = $300 m
number of shares = 3,261,092,506

US$ 0.09
A$1 = US$0.64
A$0.14

Gold

Gold resource = 4.3million oz
reduce resource by 20% for lose in production = 3,583,333 oz

actual spot price of gold =$900
cost of production at Sepon = $537
long term cost estimate =$600
profit per lb (900 – 600) = $300

quantity x profit = $1074 m
10% discount for future earnings = $977 m
number of shares = 3,261,092,506
US$0.29
A$1 = US$0.64
A$0.46

Cash
$1,233 m
number of shares = 3,261,092,506
A$0.38



All the plant and machinery becomes useless and worthless once the resource has been mined out of the ground
Therefore take out all the equity – the cash.

-A$4219m
number of shares = 3,261,092,506
-$1.29