Yeah....but OZL has a share price of $10.40 and market cap of $3.3 billion.
Further, as stated in the ann, they are expecting significant increases in the resource over time.
I sometimes think "Mr Market" expects too much (is too unrealisitc) and that fundamentals are thrown out the window so that "sentiment" or emotion takes hold.
It is like a child, it is all about "the now" - if it doesn't get what it wants, when it wants it, it throws a big tantrum - rather than acting like an adult and looking at a longer time frame than the next 5 minutes.
Still, while it is frustrating, it does provide the opportunities.
YTC Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
