Long Term Potential Converting into Price Action

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Long Term Potential Converting into Price ActionOdyssey Gold LimitedASX_DLY:ODYTofferAGHowdy, ODY has spent the last 5 years going through stock dilution, cash burning for drilling expenditure, and has shaved off a large amount of EV per share. Fundamental Catalysts are lining up, which correlate with long term trends in support and resistance, indicating a secular change that will be initiating over a 12 month horizon, which has been represented with an Elliot Wave where a combination of dilution via ODYOA (Company Options on ODY) exercising, and retail limit orders cycling upwards will occur. These catalysts are: 1) Decision to Mine & DFS: EoM September 2026 2) Mining Commencement & Scoping Study 2: January 2027 3) First Gold Poured and Cash Flow Reported: March 2027 4) Second Quarter confirmation of steady Cash Flow: June 2027 (with Report in July 2027) 5) MRE and JORC upgrades: Between October 2026 and July 2027, with 2026 Drilling Results and nuggety predictions getting priced in, with an update to DFS as mine life expands beyond 29 month target. 6) Stable Market Capital at levels for Institutional Investment July 2027 onwards. Price target bands exist based on these catalysts materialising, and are shown at 5c, 10c, 13.5c (rounded down average expected price based on fundamental models at XAUAUD $6000 and 450 kOz JORC), 16.5c (Institutional Investment Price, based on stable market cap and cash flow from operations), and 21.15c +/- 1.15c M&A valuation based on steady operational cash flow, and given its geographic location with established Milling and Mining Organisations, an upgrade in EV from $110 per Oz (current) to $545 per Oz with JORC expansion from 450 kOz to 600 kOz based on 2026 drilling disclosures being modelled in, and XAUAUD average $6500-7000. Any of these catalysts delayed, or failing to materialise, will negatively impact this assessment, defaulting to the lower target bands below the expected return of 13.5c, which has been used for the conservative Elliot Wave forecast. Recent insider purchasing by Levi Mochkin also lends credence to current pricing being a floor, with it moving to the upper end of the Lower Boundary. -Toph