"slyasian, if you reasearch ozl you will find out what is wrong,...

"slyasian, if you reasearch ozl you will find out what is wrong, read my previous post and you may want to do a bit more reading on them, i hope i am wrong but i do not like the look of what is happening."

gself

you are probably wrong

century will lose about $200m a year if the company did nothing

I was the one who bought that to everyone's attention in the first place

but mining companies rarely do nothing

at the moment they are doing a review on operations

this will produce some action in regard to cost cutting

also bear in mind in mind the profitable operations will offset the unprofitable ones to the tune of $36m

check out the calculations

Gold price = $801
Sepon gold US$555
golden grove gold $700

copper price = $1.54
sepon copper US$1.09
golden grove copper 32c

zinc = 52c
rosebery zinc 30c
golden grove zinc 31c


PROFIT/LOSE

sepon copper US$0.45 x 154,685,536 lb = $69m
golden grove copper $1.22 x 58996672 lb= $72m


rosebery zinc 22c x 186,361,424 lb = $41m
golden grove zinc 21c 209626,848 lb = $44m
century -19c (including prestrip costs)x 1,139,388,656 =
-$216m


Sepon gold US$246 x 88,760 oz= $22m
golden grove gold $101 x 37,652 oz= $4m

TOTAL = $36m


also bear in mind that all these calculations are out of wack now as metals prices have risen

Gold price was $801. it is now $821
the copper price was $1.54. it is now $1.68
zinc was 52c it is now 55c

and probably going higher

so that figure of $36m is probably much higher.