OBM 5.26% 36.0¢ ora banda mining ltd

A Northern Star Mark II ?, page-36

  1. zog
    2,923 Posts.
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    Ladytdr - with respect a lot of wishful thinking in your $250kozs numbers - if it happens then great but I'm not banking on it. IMO far more likely that they are taken out before that happens; companies like SLR are on the hunt and have cash unless GMD (Raleigh Finlayson) doesn't get in first.

    I'm still very puzzled by the sharp decline in the stockpiles from 19,797ozs to 4,174ozs over the July to September quarter with only getting 2,575ozs back from toll milling at FMRInvestments Greenfields Mill. I am just surmising but could it be that LC did an ore for gold type of tolling deal. By this I mean that he may have supplier FMR with 15,623 ozs of gold in ore and got the 2575ozs back with the balance being the payment for milling the ore? In that way LC would be saving cash (which we are short of) and getting 2575ozs back for sub-grade ore which did not form part of current assets? Just a thought - I will probably call the company to get clarification. It is a long way to haul sub-grade ore from Davyhurst to Coolgarde (I13 km). Just hope it wasn't stolen (see HERE)
 
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