Hey Bull, that would be a nice outcome, particularly for high cost high risk producers like OBM. Upside is hopefully going to reward the brave that have been buying! Quite impressive moves in all the metals today (base resources, Palladium, Plat, Silver etc. Everything moved very strongly...) While OBM is no Tier 1 asset, with so much sunken capex and the past 9 months of commissioning, I just don't understand why one of the cashed up producers, that has proven themselves over the past decade (and have survived like RMS, SLR etc etc) don't buy OBM. They were basically buying something similar back in 2005-2010. Yet now when they have $100's of millions in cash, they become so timid. $2550 AUD gold price is very nice, hopefully OBM is actually producing at close to the DFS......
OBM Price at posting:
6.5¢ Sentiment: Hold 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)