next stop 80cents loyal share holders, page-10

PE is an estimate of what a company will make going forward

Just remember PH is almost up and running

ok if you look at just the reserves you get a figure of $1.49 using the following conservative assumptions

zinc = .70 (today .71)
Copper = $2.50 (today $2.67)
Nickel = $7 (today $6.75)
Gold = $700 (today $838)
Calculations based on this data on the OZL site.
http://www.ozminerals.com/Operations/Resources--Reserves/Statements.html
Reserves
Zinc = A$0.39
Copper = A$1.76
Nickel = $0.14
Gold = $0.11

Cash = $0.38
Minus plant and machinery etc (equity – cash/ number of shares) = $1.29
TOTAL = $1.49


the resources of the company are almost double the reserves

just imagine what the company would be worth using the same conservative assumptions BUT including the resources???

Ok so we are looking at about $3

but there is more

what if metals prices were to go up????

huntley has a valuation of $3.65

based on long term prices for the following metals
zinc @ $1
copper@ $2.50
Nickel@ $10
Gold @ $750

It doesn't matter how you cut it or what way you look at it OZL is worth at least DOUBLE what it is trading at today.

that PE of 8 implies a growth rate of 8%

eg PEG = 8/8= 1

to think a company like this will only grow at 8% is rubbish.

8% is bank interest