great article, page-7

"Ozl was by no means yesterday's sole victim,but it's 28 %[drop] over the past 2 days-is esp surprising.The finger was pointed atss and margin called retail holers, but no one really knows. No one should be shockedby ozl's sparse stmt on wed.that writedowns were likely and earnings would not match those posted by antecedent coys zfx or oxiana.
We already knowlow commod prices mean some of the zn,cu and au miner's ops-notably the Century pb and zn mine-could be making losses.
On ubs's reckoning,ozl's 7 mines are ALL PROFITABLE at current spot prices, but on the firm's more conservative commod assumptions, Century and the early-staged Avebury ni mine become loss makers.
Ubs values the stock @1.16$ a share.Coincidentally, we [Tim Boreham-Criterion] had ozl as a speccy at1.16 in mid oct and RETAIN the call on the intrinsic value of it's assets.Perhaps there's no hurry: be prepared for red ink for at least the next year. if only bcos of the non-cash write-downs.
The diff between ozl and other thrashed stocks such as rio is that it has NEGLIGIBLE net debt"
Hope you appreciate this....I typed with 1 finger!! Hehehe.