this $price for oxr now and in the future

Hi OXR shareholders,

It has always amazed me how some people just pull figures out of the air (like $3 in 3 years or next year or whatever). Most times, they have done a "back of a fag packet" calculation on the headline price of copper or gold or both. Really have they considered costs to construct a mine, costs or running a mine or costs of running the business. And even less often do they consider future capex requirements, share/options issues and the dilution that they have on valuations per share.

I have always found that a Discounted Cash Flow valuation is the best method of arriving at current and target valuations for mining companies.

IMO, and here I am speaking conservatively, my DCF suggests that (based on current state of play) OXR is worth on a FULLY DILUTED basis a value around $1.04-$1.07 per share, and should achieve this value somtime within the next 6 months.

Over the next 18 months to two years, my DCF values them around $1.60 +/- 10% per share.

Over the next 3 years, my DCF values them around $2.00 +/- per share.

Hope this information provides you with an "eyes on the future, feet on the ground" realism.

NB: there is upside in the commodity prices, exploration programme, resource / reserve revaluation. Also note, OXR will be releasing a revised resource/reserve statement in the next 10 days. As OXR is trading significantly under its current valuation, I believe there is little downside in the current sp.

All the best.