MC for OZM @ 14.5c is currently $23 Million.
Compare that to the more advanced LRS also in Brazil with a MC of $665 Million. Gives an indication of the potential if OZM can prove a high grade commercial Lithium resource over the coming 12 months.
Remember the team have already identified 20 known pegmatites across the tenements so far. The first target is drill ready to go once we have permits approved. The Company has about $2.5 Million cash.
We could easily double the MC once drilling gets under way. If they hit high grade (1.5% to 2% ) Lithium over significant widths then we could easily move to a very justified $100 Million MC.
The Company has secured it's own diamond drill rig, thereby ensuring drill rig availability and reducing operating costs.
OZM General Discussion, page-42
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Last
3.3¢ |
Change
-0.003(8.33%) |
Mkt cap ! $5.238M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.3¢ | $5.442K | 159.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 142336 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 105000 | 1 |
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| Last trade - 14.07pm 13/11/2024 (20 minute delay) ? |
| OZM (ASX) Chart |