sale or take-over, page-3

Woodward,
I was probably a little quck to respond to your questions and may not have provided an appropriate response.

Normally "off market" sales (which C is) is done in secrecy. They can take quite a while as different parties access data rooms, run the numbers, then submit bids. They may also need to determine financing. So, there is no set time frame. Sorry, I cannot speculate on an answer to the question of when.

From what I hear, the competition for C could be quite strong. I suspect BHP, Xstrata, MMG, OZL, Codelco as a minimum.

Again, IMO, OZL will do nothing more with SFR until C is resolved. Why? SFR is too expensive currently.

IMO, C is a much better deal for OZL than SFR. Why? C has copper, Gold, Urnaium - it is big (> 4mt of copper at a good grade > 2%) and it is within a geological area that OPZL understands.

Hope this helps.

HT1