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364 Posts.
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24/01/10
19:34
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HT
One point that sems to be overlooked is that OZL has cash in the bank and PNA has debt.
The other issue with PNA is soveriegn risk, although I think it is low.
Not sure of reserves but I believe OZL have superior reserves, and PNA will have to dvelop new mines to access theirs.
Both companies are exposed to single mine risk at the moment.
Good to see both compnies doing well, but I do think OZL's price should be a little higher compared to PNA.
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