Next big target $4000 an ounce, I must assume, page-63

OBM guidance yesterday is setting sights on producing gold at the rate of 150,000 ounces next year at a cost of ~$2000 per year.

That’s going to be ~$225 million a year in operating cashflow at current gold prices

Current market capitalisation is $724 million

no debt, no tax to pay for first couple of years, infrastructure in place, very capable experienced management team, open ended exploration upside etc etc

What do we think is going to be a fair and realistic market valuation for such a company in 6 months?

Let’s have a little competition …. and keep a record

To kick off … my prediction is 65 cents by Dec 31 2024