Further to Strider's comments, OXR is due to announce an updated gold reserve by the end of August. This announcement may also include an expansion of the gold plant.
Additionally, they have 4 drilling rigs going full time and there will be periodic announcements of results once they have been assayed. The recent announcement for the Nackachan prospect was actually drilled in June I believe but final results were announced on 6 August. If previous results are anything to go on, we should be in for more good news to keep us interested while the copper project is developed.
Owen Hegarty said at the AGM the his aim is for a US$1 billion company in several years time. This implies a share price of A$1.50 plus depending on exchange rates.
OXR
oxiana limited
****** $5.00 long term target*****, page-13
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