Silver Lake mkt. cap is ~$2.35 billion Ramelius mkt. cap. ~ $1.85 billion
Our little Ora Banda is only ~ $270 million with a refurbished $100 million plant that will be in production within 6 months producing at the rate of ~90,000 ozs per year. $50 million in cash and tax losses accumulated are $270 million.
The only missing link is more high grade exploration upside and confirmation that a very experienced, competent management team can bring the Daveyhurst operation back to life profitably
I’m sure we should hear something on the Riverina Homestead and Mt Ida drilling soon.
I maintain my opinion that OBM will be closer to $1 than 28 cents by year end.
good luck to all.
OBM Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)