OBM 3.45% 56.0¢ ora banda mining ltd

Mirror mirror on the wall, page-89

  1. 3,551 Posts.
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    Good to see someone with an open mind … I too have been a shareholder and may well be again.

    But reality is that every ounce of gold produced FY23 ( 3 qtrs reported ) has cost the shareholders between $359 to $481 /oz to produce and it’s looking very much likely the last qtr 4 will be in a similar range ….

    So has cost shareholders circa $20m to be a producer this FY.

    Whilst the story going forward is looking more optimistic on paper once again “actuals” in mining is all that counts. Let’s hope FY24 is more profitable for OBM.
 
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