OBM 5.52% 76.5¢ ora banda mining ltd

Cannacord price target of 50 cents, page-5

  1. 1,946 Posts.
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    Bigger is usually better, but not always.

    Remember OBM will be sourcing from underground and each decline is probably rate limited at ~600,000 tpa.

    The profitability derived from an efficient high grade medium life mine into a fully utilised plant is very special… 150,000 to 200,000 ounces pa x by a margin exceeding $1600 is a money machine … and at that point in time sounder growth in share price may come from share buy backs.etc

    I also think the regional exploration will throw up numerous large stand alone possibilities for a new purpose built facility … but let’s worry about that in 3 years time
 
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