HT, I did a similar comparison to BHP and RIO in a previous...

HT, I did a similar comparison to BHP and RIO in a previous post. OZL tracks pretty well against those two stocks as well over the past year.

Cussack leaving may even cause the SP to fall. Vaccuum at the top and all that.

I think the frustration comes in part from the lack of speculated resources or value in the SP and it seems to be tracking closely with your NPV. (Does your NPV iclude the cash at hand or only cash flow from PH).

It is strange though that the copper price has risen sharply over the last 6 months with little effect on the OZL SP. T find that frustrating, and can only put it down to the market expecting a big correction in copper prices. That being the case I would not expect OZL to fall far if a correction comes. No debt and all.

In fact it may work to OZL's long term advantage for another big correction to come. Are we wrong to hope for one?

Still think this company has a good future and continue to hold