Personally I am very impressed with the professionalism of the OD6 guys. They are on fast track doing all the right things to make this happen.
For me the thing is size and sovereignty. This is not just the largest REE clay deposit in Australia, it potentially solves the west's access to these strategic metals. It is very much in the US and Europe's interest to have a huge secure long term one stop shop for REE's. Would they want this in Africa or South America when 50m in the back pocket of a politician or two could make it a Chinese project?
I think we should be thinking of this in global strategic terms and not only a stand alone mining project. There are a lot of people on the planet with very substantial resources, that want this want this to work and to work now. The economic bottom line is only one consideration with this project.
In 2018 I bought a bunch of ADT at 30-50c and still hold a fair portion of them that owe me -$1.27 a share. I backed them big time due the the grade and the probability of not seeing a lot of dilution. I see OD6 as a parallel only better. In my view they should be $5 - $10 a share if the chemistry works and 20c or so if not, with them into their next project. Where is the down side?
I can see the tenements of OD6, MRD and MEK being consolidated into one entity, probably OD6, and the region developing into one substantial consolidated project with substantial national and international government support.
Perhaps I am looking at this wish rose colored glasses but I hold 2% of the free float and consider that a very good punt.
- Forums
- ASX - By Stock
- OD6
- Ann: Bumper REE Grades and Extensive Thicknesses at Splinter Rock
Ann: Bumper REE Grades and Extensive Thicknesses at Splinter Rock, page-51
- There are more pages in this discussion • 175 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OD6 (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.6¢ |
Change
-0.002(2.94%) |
Mkt cap ! $5.297M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.6¢ | $830 | 12.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 230398 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 22000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 230398 | 0.065 |
1 | 100000 | 0.060 |
1 | 18886 | 0.053 |
1 | 40000 | 0.052 |
1 | 5000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 22000 | 1 |
0.069 | 701 | 1 |
0.070 | 30000 | 1 |
0.071 | 100000 | 1 |
0.074 | 50000 | 1 |
Last trade - 13.20pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
6.6¢ |
  |
Change
-0.002 ( 2.94 %) |
|||
Open | High | Low | Volume | ||
6.9¢ | 6.9¢ | 6.6¢ | 3345 | ||
Last updated 11.59am 21/05/2024 ? |
Featured News
OD6 (ASX) Chart |
The Watchlist
ATC
ALTECH BATTERIES LTD
Martin Stein, CFO
Martin Stein
CFO
Previous Video
Next Video
SPONSORED BY The Market Online