The “best clay REE project in Australia” has a market cap of $8...

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07/11/23

11:36

Post #: 70763984
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Originally posted by Strengwert: ↑

It seems that OD6 have done a great job if in this ad they show calculations for the capital costs of the hydrochloric acid plant, and have done calculations for electricity costs. Management is definitely not sitting still, but moving towards the goal. Only 1.5 years after the IPO, and the company is already making calculations for the production of products. In my opinion, this is great.

The extraction results differ on different samples, but it seems to me, given the scale of the project, it will definitely be possible to choose the best sites to start mining.

There is a lot of news ahead on improved metallurgy, drilling results and resource updates. The main thing is that the market believes in it faster than the company runs out of money.

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The “best clay REE project in Australia” has a market cap of $8 million, with $2 million in the bank giving it an enterprise value of $6 million.

In line for a tax refund of about $1 million that makes an enterprise value of $5 mill.

This stock clearly has no friends in the broking and finance industry atm.

If it’s BH’s past history or nobody believes in the future of clay sourced REE somebody clearly has work to do.

Why would anyone doubt the need for and viability of clay REE extraction when the Chinese and other Asian countries are mining them today and have been for 30 years?

It ain’t rocket science.

Stay with OD6. It will reflect its true value in the near future.

OD6 Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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