OZM

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3.5¢ ozaurum resources limited

Gold Price, page-1361

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Tcb007

20,457 Posts.

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15/09/24

19:52

Post #: 75683427
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Originally posted by Just4kicks ↑

yeah he tells a good yarn, he's been pretty tight lipped (more than usual that is) about the SS/feasibility, usually when he gets like that there's something brewing. I think the 50/50 deal/partners arrangement could be getting to the pointy end and hairs are getting split. The fact that he was due back in Brazil 4 weeks ago and stayed on in Kal is also a tell for me, that either he's confident in Sergio's skills or he's really seeing potential in Mulgabbie.

There'd have to be at least 1,000 plus of profit per ounce, so at 30,000 oz/pa there's 30m net profit to split.
More likely the SS or Feasibility study will show that our asic are less than 2k so @3,700 AUD gp (51m) it's solidly in the money. So it's gonna spit out money in as little as 18 months.
I'd prefer to be conservative and go with the lower amount and even say 20,000 oz pa (10m to us).
Plenty of scope for growth in ounces, as he was recently talking of taking his universal DD/RC rig back to Mulgabbie for a burst on those faults, being his rig it's entirely up to him, but as an investor I sure as shit hope he does. No point having all his rigs just sitting there ay. I know he wasn't impressed with the lack of investor support 2 years ago when it came to drilling for gold but times are surely due to change at the junior end soon with the gold price climbing, right?

We will need some cash at some point , which I can't ignor, but in his opinion we've got plenty for now, I don't know how he does all this work so cheaply, a cr I thought was due a yr ago, but somehow that 1.1m is getting some milage, thank god. At least the Bocca projects gone and we won't have those payments (it's a dud, massive 200m pegs of puss).

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He's done all this work cheaply because most of the spend over the last 12 months has been travel related and purchasing the rig.
There was $1.48m in the kitty prior to the Jaime CR that netted $2.4m before costs and the following quarterly showed a cash balance of $2.9m
So, he's effectively burnt through $2m drilling 1 hole, purchasing a rig and setting up shop in Brazil over the past 12 months. I wouldnt say that's cheap but most microcaps are much worse.

OZM Price at posting: 3.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
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)

OZM (ASX) Chart

Gold Price, page-1361

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Gold Price, page-1361

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News