Lots of good thought and comment.JimJim, you could be correct....

Lots of good thought and comment.

JimJim, you could be correct. Total costs do not equal cash out the door though, as total costs have depn in them. A company can run for a few qtrs with postive cash flow, but nedg total costs if there are some "one off" costs flowing through.

When the qtly is released, we can disect the numbers then.

Yes, papertigger - IVA is also a possibility, it could be quite cheap. Whether OZL believe that the ground and tenements are worth pursuing or not and whether OZL would do a full t/o, we will have to wait and see - I cannot see OZL being a majority owner - I think they would go for full ownership, if they went for it.

This is probably the first time in quite a few years that some copper resources have come on the market via divestment rather than a t/o. I would not like to see OZL have to borrow to buy, but if they spent within their current cash on the bal sheet, I would be OK with that. Gself, it is a risk/reward issue, and yes, OZL would need to be careful to not overpay.

HT1