OBM 2.44% 63.0¢ ora banda mining ltd

August 19 insto presentations, page-6

  1. 12,027 Posts.
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    Hi Lady,
    my guess is they may be soon to release the reserves for Riverina U/G.
    Which were exuded from the DFS.

    As you say though, perhaps they will have more drill results to provide to the market.
    As for the marketing in general, well... the company has been pretty quite compared to most gold stocks.
    Perhaps this is starting to change now that Hawkes has everything it wants in a project (lots of equity, high gold price and soon to be a producer).
    I do agree that OBM is a tasty morsel for acquirers, yet... Hawkes wants to hold (they have not sold out of CMM, and that stock is now valued at almost 3 times OBM, with no plant built yet (but it is a better project)).

    Anyway, the margins on OBM just keep getting better by the day (assuming they get into production as planned of course).
 
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