These comments make me laugh.
They had to build a new pit to address the clay issue of processing plant (c.a. $10m). They also purchased a mobile crusher and they are building an on-site lab for quicker turnaround of the drilling results. Do you expect such capex investments to occur each month this quarter? If not, the rate of the current cash burn has to eventually decrease and operation should turn into CF positive due to the $2400 POG and the improving AISC given better processing plant performance AND improving ore grades. Last quarter the AISC was around $2700 with pretty weak production figures. If they can reach 17-20k ounce output this quarter as per highlighted in the guidance, they should be able to reduce the AISC to reach at least the breakeven point. There is no such thing as a curse.
Ann: June 2021 Quarterly Activities and Cashflow Reports, page-27
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.5¢ |
Change
0.035(8.97%) |
Mkt cap ! $789.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 43.8¢ | 40.5¢ | $4.676M | 11.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25555 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 109998 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |