+ + share price needs to be 90 cents...read on + +

Thanks Brenden,

1. Copper: In $A, the price today ($US2724) is 6.15% lower today than the high of $US3150 on 19 April.

2. Gold : Today, there is an improvement of 1.86% in the $A price compared with that on 19 April. ($A539 against $A549.0)

3. The share price on 10 April was 94 cents (Was a lot higher before).
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=au%3AOXR&time=&freq=

4. Copper is 2/3 of total value of the copper/gold deposit. Therefore from item 1, the -6.15% needs to be corrected by 2/3.

And the +1.86% of the gold price corrected by 1/3 and the current price of the combined Copper/Gold In Situ deposit ought to be decreased by (-6.2*2/3) +(1.86*1/3)= -3.51%.

So, the value of the combined deposit of Copper/gold fell 3.51% since 19 April, the high for the year.

5. As mentioned, the share price on 19 April was 94 cents. Apply the 3.51 % correction factor (See item 4) and the result is 90 cents.

6. That compares with the present price of 77 cents, a massive downgrade of 13 cents.

7. THE CURRENT OXR SHARE PRICE NEEDS TO RISE BY 13 CENTS!

++++++++++++++++++++++++++++++++

Intermediate calculations.
1. Note that as OXR is producing gold only (165,000 ounces) and this is to increase to 235,000 ounces. Engineers plans are nearly finished.

However, as mentioned, the gold price in $A has improved since 19 April. (see below)

2. Charts used:
Copper: http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/11637/default.stm

Gold: http://kitco.com/ and http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/default.stm

3. Exchange rates: On 19 April: $A0.7453. Today: 0.6867.

4. Copper: Was US$3150/tonne on 19 April or $A4226.
It is $US2724/tonne now or $A3966, a fall of 6.2%

5. Gold: On 19 April: $US402/ounce or $A539
Today: $US377/ounce or $A549 Difference is + 1.86%

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.