The 30% rise in NPAT and increased divvy is welcome.
Much more important is forward guidance for 2021 of 120-145kt Cu and 190-215koz Au and further production gains ahead at all mines.
PH and C are world-class operations, done without an equity raise or debt. Truly, truly impressive.
The West Musgrave construction timetable is remarkably quick, considering its isolation.
Even the Brazil operations are powering through the coronavirus.
"Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are “right” only 30% of the time, as long as our losses are small and our profits are large." Dennis Gartman
Ash
OZL Price at posting:
$21.91 Sentiment: Buy Disclosure: Held
