Maybe it is due to massive CAPEX costs after all, certainly for Sepon (A$45m probably being net cash flow for site).
"Miner Oxiana has approved a $200 million expansion of the company's flagship Sepon mine in Laos to increase copper output by 30 per cent a year" - Dec 2007
I guess a lot of expansion was still in the pipeline to take advantage of the strong commodity markets, and didn't make sense to abort mid-way.
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
