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.
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $603.3M |
Open | High | Low | Value | Volume |
32.5¢ | 33.0¢ | 32.5¢ | $60.94K | 187.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 54793 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 82266 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 55580 | 0.325 |
11 | 357785 | 0.320 |
6 | 68724 | 0.315 |
10 | 150774 | 0.310 |
8 | 140547 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 82266 | 11 |
0.335 | 304008 | 12 |
0.340 | 1136193 | 9 |
0.345 | 290773 | 9 |
0.350 | 317792 | 15 |
Last trade - 12.49pm 30/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
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Change
-0.010 ( 0.00 %) |
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Open | High | Low | Volume | ||
32.5¢ | 33.0¢ | 32.5¢ | 91053 | ||
Last updated 13.00pm 30/05/2024 ? |
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