something more in it?, page-18

asf,

Unlike explorers, OZL does not need to report cash every qtr, just at the half year and the yearly.

At Dec 31, they had $886m. Since then they have paid a divi, continued the buyback and had sales of concentrate. They have also been paying for the underground decline.

So, if I had to guess, I would say cash flow from ops for H1 is approx $250m, divi is $90m, buyback is $75m, $50m, say, on Ankata capital. All that comes to cash of about $920m

HT1