OBM 1.54% 33.0¢ ora banda mining ltd

Ann: Davyhurst 2021 Mineral Resources and Ore Reserves Statement, page-4

  1. 11,684 Posts.
    lightbulb Created with Sketch. 6087
    Not a big difference from last year. Just a bit of conversion, which overall, is a mixed bag, as whilst its great to have higher confidence in the ore reserves, the grades being achieved, are... less than stellar.

    https://hotcopper.com.au/data/attachments/3411/3411829-bc4239a4b1a4e285a5b10f93832e0dcc.jpg

    Riverina is arguably, the biggest issue, with the grades down 10% (though an increase in the amount of ounces...)
    Golden Eagle also trending a little lower too.

    OBM is cheap. No doubt about that. Just... whether they will be able to get by without another capital raising and can they further mitigate the staffing challenges....
 
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