will olympic dam reflect on ozl, page-2

Mmmmmm,
Interesting question MX.

O Dam is a few years away from reaching full production (6 or 7 I think), so in the short term it will have no impact. It all depends on whether the world economy get's their act together and the consumption of copper increases as all the analysts predict. If so, then it will probably have little or no impact at all.

If the world economy stays in the doldrums and growth does not occur as forecast, the extra copper will almost certainly depress the price and drive marginal producers out.

I was reading today that the world average for C1 copper costs are $1.12. If you buy a pure play copper company, you would want to make sure that it's C1 is less than that. Otherwise you are on the wrong side of the cost curve.

OZL and PNA are OK.

HT1