At the current fully diluted market cap of around $10m, on Mulgabbie alone existing gold resource value is nearly $40 an ounce. I think this is what's propping up the shareprice. IMHO no real value is being ascribed to the Brazilian frolic (or folly?) and rightly so because Lithium is completely out of favour. Today's news over at AGY is testament to this. We can argue that maybe just maybe, the Niobium currently provides us with more of a glimmer of hope!
POG is our only saving grace at the moment IMHO (DYOR).
OZM Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
