underperformance, page-12

Hi Redmetal,

To continue the positive vibe for OZL:

- please have a look at Kitco - Spot copper (price) Historical Charts; this shows at least a pause (possibly a 'turn around') in the LME Copper Stock. The OZL price has been quite responsive to the copper price. And the copper price may be reflecting a change in the 'copper supply' as reflected in the LME copper reserves.

- the 'buy back' may add 50 - 60 cents to the share price over the year after Aug 17,2011

- OZL is focusing exploration underneath the current discoveries to 'flesh out' the resource (less risky than a totally new discovery see DJ's post and

- any potential rise in Australian interest rates seems to be delayed (interest rate increases put pressure on share prices). HC42