Gold Price, page-492

Thanks to everybody who commented so far!

If STK's Millrose 346k ounces cost NST $61m (or $176.30 per ounce), then on a purely comparative valuation, OZM's Mulgabbie is worth nearly $46m (260k x $176.30). On a fully diluted basis (nearly 200m), that's $0.23 in value per OZM share. At the fire sale price of $20 per ounce, value sits at $0.026 per OZM share. Given the below factors for OZM's Mulgabbie Project, I am confident the comparative valuation can hold IMHO (DYOR).

OZM's Mulgabbie Project

• existing resource (260k broad, consistent and highly recoverable ounces)
• size of property (126km2)
• underexplored (yes)
• exploration potential (1m ounces)
• 100% OZM ownership (includes mining lease M28/240)
• top tier jurisdiction (WA)
• top tier location (Eastern Goldfields and only 135km northeast of Kalgoorlie)
• distance to infrastructure (only 3.5km east of NST's 4Mtpa Carosue Dam)