My point is. It's only pertinent where we go from here. What has...

My point is. It's only pertinent where we go from here.

What has happened in the past is just that.
If you ask me (and I was expected to make the decision with the CZI T/O for OZL shares) SFR at current price is a better buy than OZL purely because OZL's value has already been largely realsied. I don't think it could be a T/O target at this price. (It may have been at $10-12/ sh.).

Separately, mining companies go up and down in value in the interim e.g if I go back to 2004 when SFR started it's Sp is up 1412 % versus OZL 69%. Similarly all the way back to around 2010.

Capital preservation is as important as growth. In time's like these inherent value (including cash yet to be deployed) is extremely important.

One could make the argument but OZL has gold (and now SFR has silver).

I'm not trying to be contrary in argument (contrarian ins style yes) but one may find part of the reason SFR is not commented on as much on HC is it's out of favour. All IMVHO.

Keep the faith.