Horsetrader, I've given you a thumbs up for your post and research. However I suggest you have to look further than just the copper at Lady Annie.I believe there is room to up grade the reserves and in addition there are a lot of other projects that CUO had going that have potential.The potential of the rock phosphate deposit near Lady Annie is one. CUO was like OZL in that it bit off more than it could chew at a time when OZL was doing the same.
Bear in mind too that it is unfair to compare PH with a value exceeding 1.2 billion to another wotth say $200m at most.
I'll admit that I have bought plenty CFE as I think they are a sitting duck for a takeover so I do have a bias but I hope not a blinkered view.
OZL Price at posting:
$9.35 Sentiment: LT Buy Disclosure: Held
