FOOD FOR THOUGHT
Including Prominent Hill's In Situ Value of around A$8 billion in my previous post numbers, the total In Situ Value for OZL's 3 producing/advanced projects is only 2 times HAV's In Situ Value for its 3 advanced projects.
Yet, the OZL market capitalisation is 34 times what HAV's was on Friday.
Neither OZL nor HAV has any debt.
Note: Carrapateena starts 470 metres below surface and has a vertical height of 1,000 metres. So 1.5 kms to the bottom.
Therefore, need higher grades, more Cu to make Carrapateena economic, given the huge CAPEX costs.
Cheers
These are only my random thoughts (if your dreams don't scare you, they are not big enough) and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert
(20min delay)