I noticed that one of the drwabasks was that it was underground, but OZL may be getting some experience for or from PH in this type of mining. The fact that the owner is unlisted will probably make it easier to dealwith ie no shareholders votes etc.
I don't think BHP will be too interested at the moment as there is no JORC yet and it may therefore not fit their investment criteria.
We will wait and see but I think we will know something in the next month or so.
It would seem there are lots of potential mines in SA, so when will head office move to Adelaide?
OZL Price at posting:
$11.85 Sentiment: Hold Disclosure: Held
