tight as a drum, page-8

Actually, OZL (OZ Minerals) they have been searching for near term Cu projects in Australia for many years. So far they paid $200m+ for Carrapateena. IMHO they paid too much, because this project is too deep underground. You will need very high Cu prices to sustain almost vertical underground mining.

OZL also invest in SFR, that IMHO done extremely well.

Since OZL has been searching for many years for quality Cu project in Australia and near term, it will be hard for MOL to find good projects that fit their criteria (ie Cu, in Australia, quality, near term).

The market may be worry if MOL will pay too much like OZL.