OBM 3.45% 42.0¢ ora banda mining ltd

Ann: Annual General Meeting Presentation, page-15

  1. 161 Posts.
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    mmm I am trying to do a really black hat - where can this slide deck be misinterpreted as too positive.

    from anonomouse's slide he took from the AGM above - the mismatch on the dates is the grey area I would like more info on

    From the top two graphs 90000 tons @ 2.2 g/t / 31g/Oz = 6400 Oz processed for Oct , that would imply 6400 / 4 = 1600 Oz / week Oct
    That is nice and neat. & imply steady state production of 1600 Koz/week and would have 1600*52 = 83kOz per year.

    Then the bottom one is 'Qtr to date' - is that 2 weeks ago - the 12th, last friday - 19th or yesterday - the 26th ???

    So the remaining (9600-6400) = 3200 Oz may be over 2,3 or 4 weeks
    Say if 'to date' is the 12th Nov = that would be another 3200Oz & 6400+3200 = 9600Oz = bottom right graph & lines up with production for Oct @ 1600Oz/week (~80kOz per year)

    worst case is over 4 weeks (eg to date = 26th Nov) so 3200/4 = 800Oz per week = 40kOz per year and would be badness as drop off.

    did anyone attend the meeting , or is in a position to comment on this plz?

    Cheers

 
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