Me again,Just thinking a little more about the mining study in...

Me again,
Just thinking a little more about the mining study in the Munda Zone. There is a high probability that the study could be for a gold mine with copper by-products and a copper mine with Gold by products as there are 2 distinct ore bodies. I am no mining or processing engineer and maybe DJ_420 can help here, but with the current processing facility, I would expect that it would be relatively easy to expand it to do Gold ore and produce Gold to the necessary concentrate for further processing.

So, in summary, what does OZL currently have as a growth pipeline?

1. P Hill mine producing 100kt to 110kt of Cu and 185k oz Gold
2. Ankata underground maintaining 1 above for the open pit mine life. Comes on line late this year, early next year.
3. Munda mining study (MMS)to be completed late this year or early next year.
4. Assuming the MMS gets the go ahead, there is close to 4.5moz Gold & 1.275mt of Copper in the inferred resource in that area. What the MMS will do is to extend the mine life of P Hill by another 12 years of copper after the Open pit is exhausted, and potentially increase the Gold produced per annum.
5. C then comes on stream (7 years away). The capital for C is paid for by P Hill, so no debt. C could be another 100kt copper mine, which would have a 27 year mine life or it could be a 200kt per annum mine for a min 14 year mine life.

So for long term holders, production will be stable for 5 or 6 years, then either double or triple for another 12 years, then come back again to 100kt or 200kt per annum of copper, assuming no further P Hill or near mine development. Within a year or two's time, the fear of the open pit closing will be removed with the MMS, C will get to DFS (does not need a BFS cause no debt), we will be producing, potentially, more than 1/4m tonnes of copper per annum at excellent margins.

I am happy to hold for the time being. (Also, my sentiment has changed)

HT1