$150 million net profit is a historical result, scroll back over previous years and the results were even better but they wont match that this year.
that said, they have a producing copper mine at prominent hill which directors believe has a mine life to 2030, approx $650 million in cash, a 19% stake in SFR which looks like being a huge company in its own right & carrapateena which is one of australia's largest undeveloped copper projects.
fundamentally it is a steal imho.
OZL Price at posting:
$4.05 Sentiment: Buy Disclosure: Held
