My feeling and calculations suggest that OZL is worth about $2 per share with the copper price the way it is, but it won't get past $1;50 this year.
My reasons are that
1) There is still residual bad feelings towards OZL
2) These bad feelings will continue until the Board is cleaned out.
3) We need a clear strategy from OZL
4) We need a resource upgrade
5) We need confirmation of continue good performance an achievement of productio targets at Prominent Hill.
My thoughts only
DYOR
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