C1X reached a fully diluted MC of $32m on their run...
OM1 would have to reach 50c to be an equivalent value....
differences are:
- OM1 has a much larger land package.
- OM1 looks like it has several km+ long, multi hundred metre wide pegmatites with known spod on them, C1x doesnt even know if its got any as its purely a greenstone nearology play at this stage
50c therefore could be considered an absolute minimum at this stage, and without sounding too rediculous, $1 can be defended...
get the Geos out and start rock chipping! lets advance RAPIDLY!
i suspect we are going to get a lot of attention after todays update... the upside/downside ratio is too hard to ignore.
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