Interesting Project.Good to see that OZL are still looking to...

Interesting Project.

Good to see that OZL are still looking to make strategic acquisitions. I have some misgivings, but can't put my finger on what they are at this stage except that it appears on the low side. It also seems to have a very limited scope, the size of the tenement being quite small but that make be a reflection of how we are used to large tenements, most of which turn out to have nothing on them.

It will add some geographic diversity which is good. and provide some risk mitigation and cash flow.

A cash price of $100 million seems to be about right

There is another company KGL that OZL may look at. They seem to have an interesting deposit in NT (Jervois) that is getting explored at the moment. Do your own research on this one as it is speculative at this stage.