OMX is definitely a stock to keep a close eye on. Target listing date late this week.
Two main projects, WA (Majestic Kurnalpi) and NSW (Orange). Focus in early 2022 is to drill out ex Newcrest and BHP Calarie Gold mine in Orange, NSW. It was relinquished when the gold price was 60% lower than it is today.
Very low IPO listing market cap at ~$16.4million and very close to large gold deposits including Newcrest's Cadia in NSW.
2022 drilling program will confirm existing the Gold resource left behind by BHP and Newcrest at the Calarie Gold Mine, when it was last mined (when the gold price was significantly lower than today). The drilling will also extend the Gold resource which is open to the north and south for a JORC Resource in 1H 2022.
OMX is definitely a stock to keep a close eye on. Target listing...
Add to My Watchlist
What is My Watchlist?
