With a 12 million market cap you would not think there is much downside potential for OBL with plenty of upside.
It is a great way to get exposure to the Canning.
BRU and REY are another way.
To me OBL is a better bet. How many operators in the Canning with work programs have a market cap of 12 million?
Backreef block awaiting environmental approval and then drill. Derby block shoot seismic then drill. BRU doing a work program on OBL doorstep with a market cap of 410 million.
Fortescue and Buru have been interested in the land. Do you think that is a good endorsement?
Dyor it is a bargain!!!!
OBL Price at posting:
1.9¢ Sentiment: ST Buy Disclosure: Held
