Yes I agree flix. They are sitting on lots of cash and are a diversified miner rather than some others that are relying solely on iron ore. Im thinking that if things do get worse and gold eventually has a run then OZ may not drop too much more since it has some gold as well. Insurance I guess if that were to happen. Hopefully this is the bottom as I recommended this to my folks at $1.70 They are not happy now but long term this should turn around. A world no longer needing resources in the future ? Well I don't believe so !
OZL Price at posting:
99.5¢ Sentiment: Hold Disclosure: Held