Before the last round of drilling OD6 announced over 300 million tonnes averaging around 1300ppm of resource CUT OFF AT 1000ppm.
That resource valued the stock by a reputable agency at around 90 cents.
Recent Splinter Rock phase 3 drilling is said by BH to have produced “cracker” results with final assays due any day.
It is likely that when a new mineral resource is announced the company will exceed 1 billion tonnes averaging around 1300ppm (1000ppm cutoff) making it by far the largest and highest grade project in Australia and maybe the world and that’s only 10% of the tenement area.
If OD6 can’t make Splinter Rock work with these resource and infrastructure location advantages what chance has any other clay based rare earth project got?
After assays and met results are out this month I can see a massive lift in the share price with partnership and or takeover prospects on the cards. Huge buy imo.
GLAH
Australia’s Best
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Last
6.8¢ |
Change
-0.002(2.86%) |
Mkt cap ! $5.457M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $12.22K | 178.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1184 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 16715 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
7.2¢ |
Change
-0.002 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.2¢ | 6.9¢ | 81985 | ||
| Last updated 13.12pm 03/05/2024 ? | |||||
| OD6 (ASX) Chart |