QUOTE • Confidentially agreements have been entered into with interested parties. ENDQUOTE
With Freo drilling underway I would guess that when we have the PFS for Carapateena plus drill results from Khamsin and Freo, that would be a natural point in late 2014 where a sale or JV farm-in deal might occur. If you wanted to make a play for RXM post BFS and mining approval it could be operational open cut by 2016.....
I myself am interested in an OZL, SFR and RXM Aussie Cu mega-merger. Together they have the scale to do just about any Cu project on their own with much better risk profile from multiple operations. Alone they need partners and have higher financial risk profile due to solitary operating sites. You know it makes sense :)
OZL Price at posting:
$4.32 Sentiment: LT Buy Disclosure: Held
