OZM

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3.8¢ ozaurum resources limited

Our Neighbour NXM has a market cap of 32 million and a MRE of...

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rabbitoh

27,085 Posts.

137

15/05/23

21:15

Post #: 67786882
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Originally posted by The Mechanic ↑

Good luck with your next investment, at the begining of the year MH held 11,100,000 million shares, IMO he now has around 3,000,000 left, after todays sellout. No question about it he has been the main seller for the last 4.5 months but I agree not all, when you have such a big holder with relentless selling its inevitable it will supress the share price and scare buyers.
Also at end of the day the market wants to see a inground resource of some substance and a pathway to production, till that happens not much value will assigned to OZM. IMO if we get a good MRE (about 1 million ozs) and a pathway to production with a Scoping Study, which should be announced this quarter, we should then get the re-rating, IMO of about $25-$50 million market cap. And once production starts $100 million market cap is a real possibilty.
IMO at the current strong gold price of $3,000aud per ounce and at 50,000 ozs per annum production with a heap leach operation, it should be a very profitable miner with a free cash flow of around $75 million per annum, based on an AISC margin of $1,500aud.
These are my thoughts only and should not be taken as financial advise, but thats what I am punting on.

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Our Neighbour NXM has a market cap of 32 million and a MRE of 175,000 oz, OZM has a market cap of 6 million so your guess of 1 million OZ is way off and wishful but what the comparison does show is that we are undervalued for what we have already.

OZM Price at posting: 4.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $6.032M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.8¢	$6.436K	169.3K

Buyers (Bids)

No.	Vol.	Price($)
1	1843	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	75000	1

View Market Depth

No.	Vol.	Price($)
1	1843	0.038
2	28000	0.036
1	143800	0.034
1	400000	0.033
2	116780	0.032

Price($)	Vol.	No.
0.044	75000	1
0.049	200000	1
0.050	1509083	3
0.064	25000	1
0.070	10000	1

Last trade - 11.31am 04/10/2024 (20 minute delay)

OZM (ASX) Chart

Our Neighbour NXM has a market cap of 32 million and a MRE of...

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Our Neighbour NXM has a market cap of 32 million and a MRE of...

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Buxton projects new graphite province discovery at WA Narryer play

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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