oxr acquires gold grove, page-3

I am still rereading this and get my mind around. I also have musch work to do on my Discounted cashflow analysis.

That said, I LOVE IT !!!

I think this was a amazing commercial transaction. It launches...no rockets...Oxiana into the mid Tier resource space and makes it as attractive as....attractive could be.

Guess where a lot of the $8 billion from the WMC takeover will end up. And do you think that Xstrata will be ever more interested in Oxiana given they missed out on WMC...you bet.

Moreover, for the same sort of money to develop by PH, Oxiana has bought a cashflow positive...operating business...whereas, PH won't be generating cashflow until 2008.


I LOVE IT!

I LOVE IT!