ozl strategy, page-3

dogboy1,
I did a quick NPV on RXM and the sp has to drop another 50c to be in the ball park. The capex is huge for the tonnes (up to $800m for 45,000tpa) plus more for stage 2 (that is getting close to P Hill capex for significant less tonnes) The capex kills the NPV, hence the sp fall today

IF OZL thinks it can do the capex for a lot less ($600m max for stage 1) then it is good value.

I agree that it would be nice to have a finger in the pie, but only at a price that is shareholder accretive.

HT1