attn. horsetrader, page-5

Some other comments from the data,

OZL share price has gone no where in 3 months, PNA has risen 10%.

The Dec ratio for the two companies is very close, OZL has come up when compared to PNA. (OZL 85% of PNA in Sept qtr; 95% of PNA in Dec qtr) The implication here is that OZL had already had priced into the SP the P Hill increases.

BTW - there is an interesting interview with Terry Burgess in Business Spectator. See link below

http://www.businessspectator.com.au/bs.nsf/Article/OZ-Minerals-pd20100121-ZW3YF?OpenDocument

HT1