Martabe would have quite a lot of interest from Gold producers. Newcrest has just released its production report and has reported lower output and higher costs. Getting Martabe into it's portfolio would halt the slide in output and with a lower cost of production, reduce it's rising cost structure. Other gold miners, from what I have heard, are in a similar position to Newcrest.
There could be some good competition for this asset, which may mean OZL gets a price that is accpetable to all parties.
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
