OZL 0.00% $26.44 oz minerals limited

Forecast Prominent Hill open pit to close in 2018, at which...

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    Forecast Prominent Hill open pit to close in 2018, at which stage the company will need to operate at a significantly reduced throughput with treating its underground resources. To maintain production, and avoid a significant drop in earnings, they need to find an asset to invest in that is either in production or very close to production. The share price can appreciate once people see production and earnings stability and hopefully growth. Until then, its treading water.

    It's a big ask to get Carrapateena online in that timeframe due to the depth of the mineralization and the requirement to drill out the resource.
 
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Currently unlisted public company.

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