OXR is a long-term play - always has been. I bought in 2002 at...

OXR is a long-term play - always has been. I bought in 2002 at 30 cents in the belief the management were excellent and OXR had one of the world's largest undeveloped copper deposits in the world. Both have proved to be the case. The resources are in the ground so a one-off write down and half yearly loss is largely irrelevant. OXR will produce its first copper within a month or so AND it will be douling its gold production in the next 12 months. I expect OXR to be $1.20 by April and to go on from there to $2+ over the next 12 months.

Buy the short-term disappointment is my approach with this one. Its probably going lower for a while - so I will be accumulating on weakness - different story if you are trading it short-term.

H