Whoa there Horse.I agree wih Mark and your sentiments re the MM...

Whoa there Horse.

I agree wih Mark and your sentiments re the MM offer, but I think you are a bit ambitious or looking too far ahead with respect to a $3 price for copper.

My belief, based on all the reports (Don Argus etc)are that the price of copper is likely to float around these levels, ir even pull back a bit, for the next 12 months. I think the price of copper is a bit higher because companies and courtries are restocking at the moment.

Would I want this mob managing Century as it declines in production - Not a chance. They wouldn't know hen to pull the plug and would likely spend cash trying to extend the life.

BTW is the cash position after the deal likely to be as great now that the $Aus/$Us dollar rate is falling.

Nevertheless I believe that New OZ is a good and safe buy with plenty of upside if the MM deal goes thru. Expect it to trade in the 80c - 95c range for a while with small nlips outside this range representing good buying and selling opportunities.