attn mx-, page-15

I would have thought investors will be around so long as they get a decent return on capital. Sentiment and trend is against investors in the short term. Long term OZL is at bargain price unless Cu price collapsed. $3.40/lb is not bad.

PH goes to 2018 doesnt it and Carrapateena should nominally start production about then? What is the life of carrapateena - longer than PH isn't it? OZL will be around and mining at least until at 2030 if it doesnt get taken over at these bargain prices.