HTSpot on.Its hard to think where else they can go. I think...

HT

Spot on.

Its hard to think where else they can go. I think OZL's recent forays into other metals hurt and I hope the corporate memory is long. There will be a temptation to go into other metals, but that should only be as a by product eg Uranium from PH.

Some may suggest Iron Ore but i suspect there are too many players there and a consolidation will occur.

I note you set "min" targets and agree that theycould be a bit more ambitious but a 20 year life is important on whatever target they set.

I also don't particularly like going outside Australia and SE Asia due to Sovereign Risk. Canada may be an option.

I think OZl may be able to be a bit more aggressive in picking tenements and exploring than thye have been. Many junior companies have much bigger exploration efforts than OZL, but then thbese companies may good ones to pick off or go into JVs

Regards

D