ozl strategy, page-8

Hi asf and dogboy1,

You both raise some interesting points.

The senior management of OZL and the board are keeping to the strategy. That means that when you invest in OZL, you know what you are buying into. They are not being distracted by Tier 3 copper assets of rare earths or any other "flavour of the month". As dogboy says, their timing and execution cannot be faulted.

Re IXR, OZL has the stake that allows them to move if they want and also to block if they want. If a huge copper deposit is found on IXR tenement, OZL can pick them up at it's leisure. They can also stop anyone else getting it. A win/win to me.

We will have to wait and see what happens.

HT1