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.
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $5.556M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $1.714K | 45.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 44000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 3718 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43000 | 0.032 |
1 | 600000 | 0.031 |
1 | 1000 | 0.026 |
1 | 43521 | 0.023 |
1 | 153846 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 3718 | 1 |
0.042 | 255095 | 1 |
0.048 | 14428 | 1 |
0.051 | 100000 | 1 |
0.056 | 9672 | 1 |
Last trade - 13.37pm 13/09/2024 (20 minute delay) ? |
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