AM mentioned they are going to Decrease Greenfield Exploration Portfolio. Seems like a good idea as they (Old OXR) dont have any success in this dept. They do well with aquisitions such as Sepon, GG and PH where Rio and Minitor had created a large database for mine geos to follow up and hence we see more reserves being added to these projects. However we never really here much about the huge dollars OXR spent on greenfield exploration in Lao with Anglo JV (outside Sepon tenement, JV now disolved), China, Cambodia, Thailand, Indo, etc.
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
