OBM 5.92% 80.5¢ ora banda mining ltd

Ann: Annual Report, page-15

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  1. zog
    3,075 Posts.
    lightbulb Created with Sketch. 960
    Hopefully you are correct about an improvement but it is unlikely to be "$130 million a year of positive cashflow" - in the abbreviation "ASIC" the important word is "sustaining" - this means that capex (which is depreciated), stockpile movements (which are moneytorised to a different period) and exploration and other "none sustaining" costs do not appear in the AISC but do impact cash flow and the All in cost - AIC. It would be good to see OBM "profitable" on an AISC basis but it will be a bit further to go to see it cash flow positive and making money.
 
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