All the fuss is about this:-
With PH up and running OXR operating cashflow is forecast to grow from the current $466M per annum to approx $1,150M with virtually zero debt.
Thats right!!
ZFX operating cashflow is now approx $450M based on current zinc prices growing to $550M with the nickel up and running.
They are getting half of this new company.
There is a massive wealth transfer to ZFX shareholders taking place here.
It is criminal.
OH new the zinc outlook was bad and that a receover is 3-4 years away. An eternity in resource land.
This deal stinks
OXR
oxiana limited
