I agree, OZM has alot more underlying fundamentals than previous share price rallies, this time its different to the share price rally on the announcement of the Brazil acquisitions when we went to 20c and the rally to 18c on the first news of the high grade discovery.
The last quarterly describes it brilliantly what we have so far discovered, a major high grade gold discovery with a lot of potential and the 7 drill results due will further confirm this, and if the high grade gold continues into the black sandstone then its game on. If thats the case, IMO then a market cap of $100 million is not unreasonable for OZM, 4 times its current value.
Further good grades and the start of a HL operation, IMO then a market cap of $300 million is not out of the question for a gold stock in this strong gold market.
All this is my opnion, DYOR
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