nice volume in oku this morning, page-20

One thing that Oklo potentially have is scale.

That for one is why the market cap is not of particular concern to me at the moment.

If there is an ore body on the property with decent grades this company will be going up for quite a while.

It looks like the type of project where if there are good early results they will just keep drilling it out until they can jorc it.

They also seem to have a decent amount of cash (enough to fund a campaign of drilling) meaning that the next raising may be at a higher level than the last.

However, on the other hand, I have a much larger holding in another gold company I have been accumulating for 12 months.

That company is at a similar stage (detailed field work and looking to start drilling on a potentially large project in the next couple of months) and the market cap is 2 million with 1.7 million in cash.

So, yes, OKU on a peer basis could potentially be considered to be close to fully valued at present, particularly given the recent rise.

But what happens tomorrow is anyone's guess!