swan blocks chinese takeover of oz mine, page-71

oz has these projects
sourced from citigroup

Operations $ c/share

Sepon Gold 21 1
Sepon Copper 1323 42
PH 1566 50
Golden Grove 224 7
Martabe 231 7
Century 1840 59
Rosebury 221 7
Dugald River 157 5
Avebury 200 6
Apex Minerals 3 0
Minotaur Exploration 1 0
Royalco 2 0
Toro 25 1
Nyrstar Holdings 32 1

Total operations 5848 191

Cash 405 13
Debt (1128) (36)
Corporate & 'other (248) (8)

minmetals has expressed an interest in getting the other assets

perhaps share holders will end up with Prom Hill and Minmetals will get the rest for $1.3bn


minmetals could get about $1.40 worth of assets for 36c per share

banks will get their money

that would leave oz minerals share holders with Prom Hill
or 50c

I'd say that Michelmore would be trying to sell the whole company apart from prom hill to the chinese