re: Ann: OZ Minerals December 2011 Quarterly ... Hi all,From my...

re: Ann: OZ Minerals December 2011 Quarterly ... Hi all,

From my angle it look a pretty ordinary report, even depressing for an investor. Looked like grades and production were dropping and no or little to show for all the exploration.

However the report got better if you perservered and could see the potential for Ankata and Big "C".

I think those who are down on the report only went withtheir first impressions. Those who perservered or were more analytical could see that progress is being made.

On M&A it is easy to be impatient and want more, especially when it seems everywhere you turn there is some new gold, Cooper/gold play starting up with an ëxciting"story to be told.

I am over the bad management decisions of in the past (still think consolidation was too wrong especially 10:1 as was the capital return) and give TB a high pass mark for sticking to the plot.
If we could pick a big "C"every year we would be laughing,

For those bemoaning the large cash reerve, just remember it is good insurance against any potential financial crisis which may come as many are predicting.

so all in all a positive report.