Come on Philley.Basing fair value on a grade component despite a...

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Suni

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15/11/23

20:33

Post #: 70924774
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Originally posted by Philley: ↑

I would say the market is waiting for a trigger and I don’t know what the trigger is. The company keeps producing good news but appears to give it the potential to go mining. Normally a company with that sort of potential would be worth a lot of money as very few companies get to the stage that OD6 has achieved.
MEI the doyen of rare Earth companies has a huge deposit at average 2600 ppm still seems out of proportion to OD6 in relation to market cap, even though it’s acknowledged that they use the adsorption method.
MEI has a star-studded top 20 and sources within the top 20 are predicting SP over one dollar even though the current SP is $.24 that rerating should lead to a re-rating of OD6. Anyway, I am in for the long term to see how it plays out.

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Come on Philley.

Basing fair value on a grade component despite a completely different flow sheet? That in itself makes no sense and you are better than that.

A clear example is sulphides vs laterite. One is the preferred method and the other is expensive and sucks. In the clay world ionic is sulphide, Esperance is laterite.

OD6 would need many multiples of the MEI grade to marry up. The market is not stupid. One company is sub $10 mill for a reason. Some folk with tin foil over their head may converse a different story. That somehow against all logic OD6 is not the $100 mill + market cap company it should be. The MD said it should be... Why can't the world see it?

Or those that see it for the lifestyle company it is. I mean is BH going to say anything else? He said the same garbage at his previous company and after running that project in to the ground he jumped ship and here we are. His next cash cow.

OD6 Price at posting: 19.5¢ Sentiment: Hold Disclosure: Not Held
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1 Great analysis

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