Hi Crazy, I would have said no before this announcement, but... now? They should not need to... I mean, they have $85m in cash. I can see a pathway to 200k p.a, with the 3mtpa plant expansion, but... a lot needs to happen, particularly in regards to drilling (the amount of spend on drilling is bloody impressive, but... also a must, as they don't have the reserves!).
My guess is we will soon see a flurry of announcements showing that the 3mpta option is a must, that exploration is going well and that FY25 was just a blip in the long term growth plans.
Easy for me to be negative I guess, as I don't hold. Many have done incredibly well in OBM.
OBM Price at posting:
72.5¢ Sentiment: Hold Disclosure: Not Held
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