Well.. basic earnings per share in most recent financials is 1.62c which is around 2.31% return on current SP. This was while the company was just getting going and transitioning away from the loss making surface to UG. Once we get to 2 UGs production and 150 ounces that free cash flow and EPS will rocket - understand we will need that cash for further exploration and maybe some mill upgrades ?? don’t necessarily want a dividend rather more firming of reserves but the fundamentals of this company and the free cash flow generated (don’t forget 300m in carry forward tax losses so our profit and cash is 100% not 70% for a period) will likely allow the company to do all above. Invest exploration, invest infrastructure upgrades, pay dividend, no capital raising and equity dilution. Good times
OBM Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
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