grahod .... no delays at prom hill

according to this release from management

also no cost over runs

who are we to believe here?

“We are aware of rumours in the market that there will be delays at Prominent Hill. There
is no basis for these rumours, which we believe may be creating a false market in OZ
Minerals’ shares”, said Mr Andrew Michelmore, Managing Director and CEO of OZ
Minerals.
“The facts are these:
· Late last year, Oxiana advised that Prominent Hill would be commissioned in the
fourth quarter of 2008;
· Prominent Hill will commence commissioning in October 2008, when the crushing
circuit will come into operation”,
Mr Michelmore added.
The Company has previously indicated that expected production from Prominent Hill for
2009 is between 110,000 – 120,000 tonnes of copper in concentrate and 80,000 –
85,000 ounces of gold and no changes to this guidance have been made.
Mr Michelmore said “we have previously announced an expected total capital cost of
$1.08 billion for the Prominent Hill project.
“While the final cost won’t be known with absolute accuracy until the project is complete,
the Company does not expect it to be materially different from this indication”, he added.
Mr Michelmore noted that “Prominent Hill will make a substantial contribution to OZ
Minerals’ production profile, more than doubling the Company’s annual copper output.
“We expect copper to generate more than 50% of OZ Minerals’ revenue in 2009,
compared to approximately 36% of the combined pro-forma revenue of Oxiana and