For a buyer imho it’s gotta be somewhere in the 8’s baring some unforseen event. Topped up myself in the high 8’s last week.
Interestingly OZLs third and fourth major project looking to be nickel and gold, both performing much better than copper atm. If they can get either or both advanced to plan over the next 12 mths, get C ramp up to plan imho the company should be ready for a serious bit of rerating. Likely to be a bit of anxiety around C and copper for the next few months imho though.
Shouldn’t forget the ambition to expand PH UG with the stretch ambition to keep the mill full.
A modern miner indeed, and willing to make more than token payments to shareholders.
EL
OZL Price at posting:
$9.00 Sentiment: Buy Disclosure: Held
