vindication, page-16

gself,

They could fireproof the existing operation with a lot less cash than $750M. I would suggest $250M in the bank and no debt plus 60% of future profits would fund PH expansion and Carapateena development and a little exploration too.

Agreed that it is a good thing they have not splurged in haste.

Disagree that they can sit on the cash forever, I would like to see the unused capital employed more effectively. OZL need to employ capital with purpose in some reasonable timeframe or give it to the owners(share holders). As an investor I can invest that money. OZL is a mining company not a term deposit fund. I would love for them to do a good M&A as first preference but the timeframe needs to be reasonable.