OBM ora banda mining ltd

I believe interested investors may need not go much further than...

  1. 2,625 Posts.
    lightbulb Created with Sketch. 1714
    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.
    Last edited by Ladytradr: 26/12/23
 
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Last
98.0¢
Change
0.020(2.08%)
Mkt cap ! $1.850B
Open High Low Value Volume
94.5¢ 99.0¢ 93.5¢ $11.79M 12.26M

Buyers (Bids)

No. Vol. Price($)
1 127411 97.5¢
 

Sellers (Offers)

Price($) Vol. No.
99.0¢ 25000 1
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Last trade - 16.18pm 18/09/2025 (20 minute delay) ?
OBM (ASX) Chart
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