what is going on?, page-41

Dasa, as to my last post

'I think the time to be agressive has passed, I would rather OZ be conservative at this point of time, share buyback or capital return would be my preference at present'.


That is kind of not true, what I would really like to see is OZ reinvent itself from a copper company with gold credits, to a gold company with copper credits.

This would be something like instead of selling off the gold we produce, we treasury it, we put it in a vault, we use the cashflows from the copper to finance this, we get the gold only areas of PH up and running ASAP, we could be producing over 400,000ozs PA, and if the copper price holds up, we would probably be making enough to do a share buyback and pay a divvy as well. This would make us a unique gold investment company, a producer and physical holder in the one investment. Using golds much higher PE ratios would also increase OZs shareprice as well. After all TB ran Aurion gold, so he's got the experience, maybe a new direction for the new OZ.


cheers grant


the above is opinion only and written without prejudice