OXR oxiana limited

copper acquisitions

  1. 3,424 Posts.
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    I've been scanning the ASX to see what could possibly be targets if OXR or ZFX were to expand their copper portfolio

    I looked at:

    ABY AVM CDU CUO DML EQN EXS FXR IRN JML LAF MGO MRX OXR PNA PMH RBM SRL SVM TGS TMR URL

    I ruled out companies with no jorc or deposits < ~200kT contained metal. Also ruled out high quartile operating costs and questionable grades.

    That leaves

    PNA CUO EQN TMR ABY CDU

    ABY is 51% owned by Hindalco Industries Limited so that gets ruled out I would think

    that leaves

    PNA CUO TMR CDU EQN

    CUO is merging with Minsec .. and will have a portfolio of economic interests in various base and precious metal assets all over the place but not operating control.. so out

    PNA, CDU and CUO would not be EV/resource accretive

    PNA TMR CDU EQN

    PNA grades aren't the best.. but fits OXR's 'asia' profile
    EQN is a great asset.. but in africa..
    CDU has potential but not known how large the resource is..
    TMR chile/australia
 
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