So here OVR sits with a MC of $3.5M, Cash of $1.5 and exposure to Gold, Cobalt and Zinc yet priced as you say cheaper than a lot of shells.
Like you, was left wondering “what happened to the master plan” after recent round of drilling at Transfield. With further exploration and drilling warranted at multiple targets and appropriate follow-up field work anticipated in June, (including auger drilling and geochemistry to refine further RC/diamond core drill targets), what else have we got to look forward to near term? McCleery Cobalt has been mentioned which sounds promising, how about Yukon Zinc?
Lots of past talk of the company “continuing to evaluate ways to maximise value from its Yukon Base Metal Project” or “continue to seek to maximise value from the Company’s Yukon Base Metal Project” or “the company intends continuing its concerted efforts to enhance and realise value from its YBMP”. Many ways it seems of saying the same thing over and over……..here’s a thought, forgive me if its a simple one, CAD Zinc price mid 2012 $1778 (approx) > Todays price +$3550 (approx) with views of going higher……… Time to stop talking about and START REALISING VALUE from YBMP for all holders don’t you think???
If it’s good enough for numerous parties to have expressed interest in the project…….
(*2016 Annual report)
....…..surely its time management ramped up activities this summer to further heighten said interest?
Sure, they have stated they are planning and are determined to conduct exploration at the project, question is when? Some details of substance indicating their “2017 summer season” intentions for YBMP would be greatly appreciated for both clarity to market and hopefully to put us back on the “active” zinc players list!
Meanwhile, nice to see the price action of zinc strongly reject the recent lows amidst tightening concerns…… next leg up near?
“Available zinc stocks fell to just over 170,000 tonnes, the lowest since October 2008”
http://www.mining.com/4-charts-will-turn-raging-zinc-price-bull/
On Zinc, recent Teck presentation worthy of a look. Some slides of interest and link below….
http://www.teck.com/investors/prese...nch-global-metals,-mining-&-steel-conference-
Some further recent zinc related articles of interest……
https://finfeed.com/opinion/zinc-remains-star-performer-despite-short-term-volatility/20170511/ (ovr mentioned)
http://www.reuters.com/article/us-zinc-concentrates-ahome-idUSKCN18B29R
http://www.reuters.com/article/us-china-zinc-imports-idUSKCN18F0O4
http://investingnews.com/daily/reso...investing/investors-falling-zinc-inventories/
With a Zinc resource of 12.6Mt @5.3% Zn and .09% Pb and considerable opportunity of further expansion……are we a contender or a pretender in the Zinc space? Time to get to work at YBMP imo. Thoughts?
GLTAH
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