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)
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Thanks to everybody who commented so far!If STK's Millrose 346k...
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.207M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75000 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75000 | 0.049 |
1 | 180577 | 0.048 |
1 | 222222 | 0.045 |
1 | 56615 | 0.040 |
1 | 303030 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 30000 | 1 |
0.068 | 20000 | 1 |
0.070 | 118500 | 3 |
0.074 | 144294 | 1 |
0.089 | 35000 | 1 |
Last trade - 16.12pm 22/07/2024 (20 minute delay) ? |
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OZM (ASX) Chart |
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