Pitch: Litigation case relating to permit for world-class phosphate deposit. The permit was denied with no reasonable grounds and now OMEX is seeing a $2.7bn award. A review of court fillings suggests OMEX has a strong case. NAFTA trial held in Jan’22, a decision expected soon.
Valuation: Without a successful litigation outcome OMX is worthless.
Exp. gain: 4x to $20/share in $1.5bn NAFTA settlement scenario.
Full OMEX write-up (free guest account required):
https://valueinvestorsclub.com/idea/ODYSSEY_MARINE_EXPLORATION/6728266247