Ann: OZ Minerals December 2011 Quarterly presenta, page-13

re: Ann: OZ Minerals December 2011 Quarterly ... "any potential financial crisis which may come as many are predicting"

Bah! How many of those same guys predicted US markets would jump 20% from the October lows? And, 8900 economic experts predicted the US in August would fall back into recession, when everything pointed to quite the opposite.

I guess the same guys are predicting the end of world in 2012, 2013, 2014, 2015...take your pick....

Must be difficult shorting 90% of the time and being wrong or maybe it's just contrarian to be negative in the face of optimism and positivity.

When I look outside Australia and see other mining operations suffering from dramatic cost increases, I see it as consistent with a story of rising and sustainable commodity prices in 2012. Take Hindustan zinc for example, not a copper/gold play, but one of the largest zinc miners world-wide. Total expenses gained 24 percent in Q3. Of note was that raw material costs rose to 1.16 billion rupees from 460.5 million rupees a year earlier, a rise of 156%, which translates directly into higher C1 costs.

OZL's 25% rise in costs, is well in line with the cost increases amongst other major miners here and abroad.