why is ozl rising, page-3

I have no complaints about what TB is doing thus far. More important still I am very happy with what he has not done i.e. jumped at acquisitions and/or big $ long term plays in potentially far less stable environments just for the sake of getting bigger faster.

Of ongoing interest is whether OZL is currently an attractive takeover play and who might satisfy eligibility requirements with respect to Prominent Hill. BHP's (public) position is that PH is not Tier 1. RIO is getting back down to acceptable debt ratios. Would it have any interest? Likewise Newcrest now that Lihir has been digested and Wafi-Golpu in PNG is looking very exciting. Is there any other possible candidate, apart from these 3, who is eligible and capable?

HT1 what do you think about OZL having an early crack at SFR now that Degrussa has been declared a goer and the project parameters and indicative timetable outlined? I'm in favour of going for it ASAP.