OBM 2.09% 93.5¢ ora banda mining ltd

The ‘golds must be crazy’

  1. 1,898 Posts.
    lightbulb Created with Sketch. 1217
    OBM has a capitalisation of ~ $185 million (at 11.5 cents, based on 1.61b shares)

    Cash/gold of at least $30-40 million (with little/no debt)

    Replacement value of assets (plant, energy, accommodation, reserves, resources) estimated by our OBM executive at ~ $560 million (34.7 cents per share)

    First selective high grade underground development at Riverina now committed and funded that should materially increase (by ~50%+) head grades and lower costs by Nov 2023

    AISC guidance A$1750, once production forecast of 100,000 ounces annually achieved (at current gold prices that’s $115 million per year profit!)

    A second higher grade underground development is now being targeted at Missouri.

    Ongoing deep drill program at least until end 2023

    Over $300 million in accumulated tax losses

    Proven, experienced, highly motivated, professional senior management team.

    seriously …. What more could a good gold god possibly want when $A gold prices ultimately crack through the A$3,000 barrier??

    https://hotcopper.com.au/data/attachments/5177/5177069-48e054c70936770fce4ca4e56c55e482.jpg
    Last edited by Ladytradr: 04/04/23
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
93.5¢
Change
-0.020(2.09%)
Mkt cap ! $1.744B
Open High Low Value Volume
94.0¢ 94.3¢ 89.0¢ $6.046M 6.567M

Buyers (Bids)

No. Vol. Price($)
1 24589 92.5¢
 

Sellers (Offers)

Price($) Vol. No.
93.5¢ 72806 5
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.