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
OZL Price at posting:
$12.80 Sentiment: None Disclosure: Held
