OZL 0.00% $26.44 oz minerals limited

re: Ann: Quarterly Report for 3 months ending... My...

  1. 364 Posts.
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    re: Ann: Quarterly Report for 3 months ending... My interpretation of the quarterly results is positive.

    Production appears on target Not sure though why they are revising annual production down from 100,000 to 80-90,000. Some minor problems experienced, but that is to be expected as you start new operations.

    Costs are well within range.

    Seems good exploration results to date with more work to be done. Good upside. Cambodia looks good.

    No comment on strategy or Board movements, or what to do with cash reserve. I expect that will come later.

    Overall a good report showing steady progress. Remember it is still ramping up.
 
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