OZ queried over Kalkaroo price but Havilah held strong cards

ANALYSTS at investment bank RBC Capital Markets have expressed some scepticism about OZ Mineral’s move to acquire the Kalkaroo copper-gold asset in South Australia owned by Havilah Resources.

OZ queried over Kalkaroo price but Havilah held strong cards OZ queried over Kalkaroo price but Havilah held strong cards OZ queried over Kalkaroo price but Havilah held strong cards OZ queried over Kalkaroo price but Havilah held strong cards OZ queried over Kalkaroo price but Havilah held strong cards

Havilah has a portfolio of projects in South Australia

RBC's queries with respect OZ include the deal "appear(ing) to fully value" the asset - while acknowledging OZ appears "confident" the project will be larger - and OZ already having plenty on its