At .003 and a market cap of 1.5 mill this is not a bad punt. Lambarson Canyon was the best area OAR have in terms of potential but i believe they went with Tonapah due to it being in an easier area to drill. Lambarson will require some roads being put in to get drill rigs in and is in a remote area miles from anything but the geology here gives it a better shot than the area drilled in Tonapah. Ive topped up at 003 as the cap is below shell value and the Lambarson area drill program should see some interest just like the Tonapah 1 did but with better chance of hitting. The land in the Eyre Peninsula area in SA is the smoky that could offer some significant upside as well depending how OAR play it. Pure punts don't get much cheaper than this but come with risk but big rewards if they hit gold.
OAR Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
