OZL 5.27% $15.97 oz minerals limited

how long can we survive for

  1. 13,594 Posts.
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    we have
    $1.2 bn in cash
    $900m in interest bearing liabilities
    and we are starring down the barrel of a $40m lose

    I reckon we could survive for 30 years maybe

    $1.2bn cash/$40m

    please check out the calculations

    @ a rough guess we owe about $72m in interest ie 8% of $900m

    based on figures from the quarterly report
    Gold will bring in about $24m
    copper $240m
    zinc -$180m
    nickel -$52m

    total = $32m

    subtract the interest = -$40

    I reckon we going to lose $40m this year

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