OZL 0.00% $26.44 oz minerals limited

a lower a dollar means higher profits

  1. 14,167 Posts.
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    doesn't it?????

    2 weeks ago

    zinc US$0.80
    ni = US$7.50
    cu = US$3.50
    gold = US$840

    a US$ = A$1.17

    zinc A$0.93
    ni= A$8.78
    cu = A$4.09
    gold = A$982


    Today

    zinc US$0.67
    ni = US$6.09
    cu = US$2.46
    gold = US$900

    a US$ = A$1.56

    zi = A$1.05
    ni = A$9.50
    cu = A$3.83
    Gold = A$1,404

    our zi is worth 12% more
    our ni is worth 8% more
    our cu is worth 6% less
    gold is worth 42% more

    zinc & nickel is actually worth more,gold a lot more copper less
    the value of the company based on reserves (not resources) @ todays prices is $2.33

    check out the calculations

    Zi = .36
    Cu = $2.28
    Ni = .14
    Gold = .46
    Total = $3.24
    Cash = .38
    Total = $3.62
    Minus assets = $1.29
    TOTAL =$2.33




    Calculations based on this data on the OZL site.
    http://www.ozminerals.com/Operations/Resources--Reserves/Statements.html

    Zinc
    Reserves of zinc = 6235 kt
    1kt = 2,204,622 lbs
    13,745 m lbs
    reduce resource by 15% for lose in production
    11,952m lbs

    actual zinc price =US $0.67
    costs at OZL’s biggest mine, Century = US$0.55 (include .08 pre-strip cost and you get 63 cents)
    long term cost assumption = $0.60
    profit per lb = .07

    quantity x profit = $836m
    discounted 10% for risk
    $760 m
    number of shares = 3,261,092,506
    US$0.23
    A$1 = US$0.64
    A$0.36

    Copper
    Reserves of copper = 1878 kt
    1kt = 2,204,622 lbs
    4,140 m lbs
    reduce resource by 15% for lose in production
    3,600 m lbs
    actual copper price US$2.46
    estimated costs at OZL’s biggest project = US$0.85
    long term cost assumption = $1
    profit per lb (2.46-1)= $1.46

    quantity x profit = $5,256 m
    discount rate for future earnings = 10%
    $4,778 m
    number of shares = 3,261,092,506
    $1.46
    A$1 = US$0.64
    A$2.28


    Nickel
    Nickel resource = 56.1
    1kt = 2,204,622 lbs

    123 m lbs
    reduce resource by 15% for lose in production = 107 m lbs

    spot price of nickel US$6.09
    cost at OZL’s biggest mine, Avebury =US $2.50
    Long term cost assumption = $3
    Profit per lb (6.09-3 ) = $3.09

    Quantity x profit = $330 m
    10% discount for future earnings = $300 m
    number of shares = 3,261,092,506

    US$ 0.09
    A$1 = US$0.64
    A$0.14

    Gold

    Gold resource = 4.3million oz
    reduce resource by 20% for lose in production = 3,583,333 oz

    actual spot price of gold =$900
    cost of production at Sepon = $537
    long term cost estimate =$600
    profit per lb (900 – 600) = $300

    quantity x profit = $1074 m
    10% discount for future earnings = $977 m
    number of shares = 3,261,092,506
    US$0.29
    A$1 = US$0.64
    A$0.46

    Cash
    $1,233 m
    number of shares = 3,261,092,506
    A$0.38



    All the plant and machinery becomes useless and worthless once the resource has been mined out of the ground
    Therefore take out all the equity – the cash.

    -A$4219m
    number of shares = 3,261,092,506
    -$1.29

 
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