you guys are missing the bigger picture here
EMX was capped at $5m when it was trading around 2c they then raised $8m at 2.5c and their market cap went as high as $40m before settling back around $25m and this was all driven by them refocusing on their Gorno Zinc project which has no defined resource but simply an exploration target of 7Mts-10Mts@7%-10% Zinc
Meanwhile OVR is capped at $3m and has a JORC defined resource of [email protected]% Zinc
Based on EMXs performance should OVR be successful in extending their Yukon permit Id expect to see the stock rerate significantly
A peer comparison to EMX would suggest a market cap of $20m+ or 10c+
This would also explain why one of your substantial holders has been loading up on stock on market recently
Not long now, page-8
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $11.52M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $10.38K | 1.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1105555 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1688410 | 3 |
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| Last trade - 12.34pm 07/08/2024 (20 minute delay) ? |
| RNX (ASX) Chart |