Nice one, *from article......
*Essentially this company is targeting near term gold production in WA, but will also see some action on cobalt in the northern hemisphere summer and chase some value adding activities in zinc – and it’s currently capped at just $5.5M…
Coupled with yesterday's ann stating plans being made to undertake further exploration at the high priority Junction Prospect, encouraging to hear news will be flowing out of the Yukon this Canadian Summer!
Of note researchers at Macquarie Bank have recently (April) updated their flow chart that shows where it believes major commodities currently sit in the price cycle, and where they’re likely to head over the next two years given shifts in supply and demand dynamics.......
Throw Cobalt into the mix above and OVR provides some decent undervalued (imo) exposure to a handy mix of commodities given their current and projected 'price cycle' positions....
Kudos to management for initiated coverage, with gold assays imminent any decent hits should see that awareness grow....
*The fact that market conditions are now improving, suggests that a little $5 million-capped nugget like OVR could end up with bigger valuations sooner rather than later, as the recovery gathers momentum and gold prices gather altitude. Not to mention the company’s advanced zinc play and recent exposure to cobalt to add to the valuation upside mix.
GLTAH
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OVR article on **************.com, page-5
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Mkt cap ! $11.52M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $22.76K | 2.522M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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11 | 4118721 | 0.007 |
8 | 1843166 | 0.006 |
3 | 600009 | 0.005 |
4 | 900248 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 1889844 | 3 |
0.010 | 3593496 | 5 |
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