At a glance the grade is too low for a mine in Australia. If...

At a glance the grade is too low for a mine in Australia. If they were in some third world country maybe.
If there debt is really $680 million I cant see them surviving long term and might be in a situation similar to FMG.

Their large resource is under 1.2% copper.  If DML couldn't survive in Africa how can OXR survive here.


http://www.ozminerals.com/Media/doc...te-7dd888c5-b482-4ed1-8899-8784c39e75e4-0.pdf