Hi MxActually reading the fine print the price is $300 million...

Hi Mx

Actually reading the fine print the price is $300 million given another $50million has to be paid at first production, but that is still brilliant.

Also note that the payment is in $US dollars and OZL will use its holding of $US to pay for it so that may satisfy some of the critics of OZL holding $US

I also like the exploration potential that comes with the known deposit.

Looks like OZl will be around for a long, long time - Unless BHP now decide to takke them over.