OZL 0.00% $26.44 oz minerals limited

how to use the $750mill

  1. 817 Posts.
    While we are all scratching our heads wondering about the

    future direction of OZL it occured to me that i would

    rather go down fighting than not fighting at all.Looking

    around for a fill in project before Carrapateena i came

    across-

    Beadell Resources BDR-

    Oz Minerals is already a top 20 shareholder.

    They have just poured their first gold from their newly

    commissioned plant in Tucano, Brazil.

    They are forecasting to pour 180,000 ounces of gold there

    this year. With a resource of 5.1 mill ounces of gold it

    could be a nice pick up to solve our short term growth

    problems.

    Also helping bring the C1 costs down is the soon to be

    commissioned (2013) iron ore concentrate plant to take

    advantage of large iron ore bodies at the project.

    With 742 mill shares minus the 12.8 mill OZL already own

    and the current shareprice of 93.5c it would put a nice

    hole in our $750mill.

    As i said i would rather go down fighting than just

    admitting defeat and giving it all back to the shareholders

    I do not own any BDR shares.
 
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