Cu down to $1.60 today. Perhaps the 1.20 target isn't so far fetched? OZL will definitely have to cut its losses at century if Cu falls that far - otherwise its 300m net cash will be gone before Cu rebounds starting 2010.
I can see OZL falling significantly if it doesn't come up with some material Zn/lb savings or cut production/close Century. I've cut 50% of my holdings pending the Century/Co review.
cu at $us 1.20, page-25
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)