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11/01/13
14:06
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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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