OZL oz minerals limited

afr article, page-5

  1. 5,227 Posts.
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    If by restructure, you mean selling off the assets to MMG, the sp was approx 60c (or $6.00 after share consolidation)

    P Hill mine life: - Mmmmmm "There are known knowns, there are unknown knowens and there are known unknowns"

    Let me explain.

    P Hill open cut mine life ends in 2017. This is a known known.

    OZL is planning to begin drilling under the open pit in the sept qtr this year to convert resources to reserves. Malu u/g has a resource of 1.2mt of copper grading 1.17%. Potentially that can translate into another 12 years of mining after 2017.
    This is a known unknown.

    Carrapateena is coming into production roughly in 2018. (but like all resource projects, it will probably slip to 2020). It is still very early for C, so I would classify this as an unknown known.

    Does this help?

    HT1

 
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