OZL are actully quite well hedged naturally. The fact that they produce alot of gold means that if economies do continue to falter, gold prices will rise. If economies recover better than expected then the iron and zinc production will help them. Either way OZL remain in a very competitive position. There is no real reason for OZL to maintain its current weakness share-price wise for a long period of time.
With alot of cash, the company is also in a good position to acquire other projects cheaply (with a longer-term view).
OZL Price at posting:
$9.15 Sentiment: None Disclosure: Held