OZM ozaurum resources limited

Technical analysis, page-405

  1. 1,798 Posts.
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    Mr Market (especially when driven in the short term by that necessary evil - traders haha!) expects a home run every time haha! They want intervals of at least 100m @ 10.0 g/t Au in every hole haha! Dont think thats a realistic expectation to begin with haha! Its hard enough to get to the point where you've got a chance at an economic orebody at depth (like we have here). Its quite another thing to expect an economic orebody to be there at depth and in a perfectly formed geometric shape like a perfect 3-D square or rectangle to be able to get those massive continuous intervals straight off the bat. Half the 8 holes drilled ended in mineralisation with one of those holes (the deepest out of the 8) confirming that gold mineralisation extends into fresh rock and at higher grades, thereby enhancing the prospects of an economic orebody at depth. Its now up to the big man to vector in on where the deeper drills should go. Makes sense given the deeper you drill the more expensive it gets. AIMHO (DYOR).

 
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Last
6.5¢
Change
-0.002(2.99%)
Mkt cap ! $14.89M
Open High Low Value Volume
7.3¢ 7.4¢ 6.5¢ $53.80K 814.0K

Buyers (Bids)

No. Vol. Price($)
1 145702 6.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 45000 1
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Last trade - 16.10pm 23/06/2025 (20 minute delay) ?
OZM (ASX) Chart
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