I believe interested investors may need not go much further than have a close look at Bellevue Gold (BGD)
BGD currently enjoy a market capitalisation of ~$2 billion and have only just started producing some gold in the current quarter
They have a 1.2 mtpa plant (same as OBM) which will shortly be upgraded to ~1.5 mtpa (similar option available for OBM)
The Reserve grade for BGD ore is 6.1 g/t, compared to OBM at 4.3 (but OBM reserve number feels conservative to me as I suspect it was calculated historically on a wider mining methodology than may be used)
The exploration upside for both companies is open ended. (I would argue much better for OBM longer term)
2024 is likely to see a large ramp up in exploration and reserves/resources for OBM.
A future $2 billion market valuation would equate to an OBM share price comfortably above $1
A snapshot of BGD today may look rather similar to OBM in 12 months with their 2 underground’s feeding a similar sized plant with a similar grade of ore
If the BGD guys had the smarts, they would also be starting a conversation with Hawkes Point on the potential of building a future specialist underground gold mining house.
- Forums
- ASX - By Stock
- OBM
- An insight into potential future market ratings for OBM
An insight into potential future market ratings for OBM
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $594.0M |
Open | High | Low | Value | Volume |
31.0¢ | 33.0¢ | 31.0¢ | $724.5K | 2.261M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 111111 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 18180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 111111 | 0.320 |
1 | 24852 | 0.315 |
3 | 120222 | 0.310 |
2 | 8144 | 0.305 |
5 | 93757 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 18180 | 1 |
0.330 | 515602 | 7 |
0.335 | 62426 | 2 |
0.340 | 108000 | 2 |
0.345 | 65000 | 1 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
32.5¢ |
  |
Change
0.010 ( 3.17 %) |
|||
Open | High | Low | Volume | ||
31.5¢ | 32.5¢ | 31.5¢ | 573839 | ||
Last updated 15.56pm 14/05/2024 ? |
Featured News
OBM (ASX) Chart |