Gold Price, page-1360

And exactly why OZM is good value at these prices however the general market for gold junior explorers is stuffed. So until that general market sentiment turns around, I don't think OZM (the gold junior explorer) will either.

NST paid about $70 an ounce for Hobbes which is 30km odd from Carosue Dam. On a comparative valuation, what's OZM's Mulgabbie worth which is only 3km odd away from Carosue Dam? At $70 an ounce for OZM's 260k ounces, that's $18m odd or around $0.10 a share in value. Even better for OZM, is that two-thirds of the 260k ounces are M&I unlike Hobbes which are all inferred. So how much of a premium can OZM demand for being closer to Carosue Dam and having the majority of its resource in the M&I category? IMHO maybe a 50% premium making it about $100 an ounce? That would make it $26m or nearly $0.15 a share in value. DYOR.