i hope it is not ozl!!!, page-28

IO tenement was in Thailand. My concern with iron ore is that there is billions of tonnes of it in the ground around the world, but to make money out of it, you need scale and throughput (think Vale, RIO, BHP, FMG). Iron Ore is not done on a shoe string budget, and it normally requires a huge capital outlay. OZL could potentially do it in 10 years time, but not now.

IMO, it should stick to it's knitting. Copper and gold in particular.

HT1