picking the right horse + what they're mining, page-2

Mx,
Great post. What a great chart.

Happy new year to you as well.

I know that you (and others, including me) have some bad memories with this company, but I have been very very impressed with the CEO and board and their execution of the strategy. Also with their desire to only spend money where they see value for shareholders (they walked away from Citadel).

For OZL, 2011 will be an interesting year. With 10 drill rigs working and a $50m exploration expenditure, the probability of finding another P Hill close by will be greatly increased.

If they do find one, it will be a game changer for the company. We will still be a "one trick pony", but with an ongoing mine life and with cash flow to buy distressed assets when the next commodity down turn comes (which it will).

I will continue to hold.

HT1