Sabretoothed,Not personal at all :) We are all entitled to our...

Sabretoothed,

Not personal at all :) We are all entitled to our opinions. Quite often difference in opinions all comes down to timeframes, and longer-term views versus shorter-term views.

OXR is currently invested in Laos, but there has been nothing to suggest any problems in the region, and they do have the full support of local and national governments and civilians as the whole project has significant pluses for Laos. Saying that, there is still a risk as there is with any international mining outfit, however I feel that Laos would be at the lower end of the scale in terms of risk.

As for bad news, the most conspicuous thing about Oxiana management is their conservative approach to announcing potential reserves and production output levels. It is quite refreshing to see a company consistently surprise on the upside. Management have so far put the runs on their board, and I take Owen Hegarty's word that he believes the market cap of the company in the coming years will reach $1bill US. This leaves plenty of further upside for OXR.

Finally there is the inevitably overhhanging of a potential takeover. OXR is tightly intertwined with RIO in many ways, and the support of such a large miner makes OXRs goals even more attainable.

Simply put, where would you find a better 2-3 year prospect than OXR. Short-term there are definately better picks out there, but good luck finding which ones they are, maybe SGW is one of them.

Cheers