I did notice over night that MCQ have an overweight rating on OZL. A price target on copper 4 years out of $3.75 and OZL 12 month target of $11.40 on OZL.
Next week I will start collating data and posting on why this bid is so far undervalued it's ridiculous.
In the meantime keep in mind AVB were always aiming for 150,000 ounces per year at Centro and I expect OZL (with the same in house management crew) will do no less.
Pantera is likely minimum twice the size of Pedra Branca and within 4 years OZL could be producing far more from Brazil than they do in Australia.
So it appears OZL is under selling this deal so as to not highlight how big the upside is likely to be. Now all we need is some idiot talking down possibilities to help them...who will it be?
AVB Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
