Australia's largest stock trading and investment forum Australia's #1 stock forum

OBM

Click for more information

4.76%

44.0¢ ora banda mining ltd

Ladytradr.seeming your kicking around these figures what is your...

First 5 Last

Share
Profile

Follow
warrain

525 Posts.

61

14/05/24

11:57

Post #: 73813805
Share

Originally posted by Ladytradr: ↑

Hi Trader088

if I was a gambler, I’d bet you they may have over 200,000 tonnes of Missouri material stockpiled at around 1.3 g/t and additionally over 400,000 lower grade stockpiled at around .8 g/t sourced from Riverina/Missouri

More than enough to blend with (50,000 tonnes per month) of high grade underground ore coming to surface at Riverina ahead of the development ores that may eventually come up from Sand King underground build that should be completed by Dec 2024.

lets assume OBM may producing gold at the rate of 100,000 pa by July 24, ramping up to 150,000 ounces pa by March 2025

gold price A$3500+ and ASIC ~ $1850

you don’t have to be a rocket scientist to work out OBM would be a money printing machine (don’t forget the tax losses))

this time next year … under my above assumptions … the company could be generating ~$250 million cash per year … debt free, upgraded operating plant … and off exploring like crazy for the next big find !

relate that then to current market capitalisation of ~$575 million

Outlook is shaping up to be rather sexy to me!

Expand

Ladytradr.
seeming your kicking around these figures what is your share price value ?
ta

OBM Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MGU

New results confirm Buena Vista's iron grades potential

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

There are more pages in this discussion • 10 more messages in this thread...

First 5 Last

Add OBM (ASX) to my watchlist

(20min delay)
Last 44.0¢		Change 0.020(4.76%)		Mkt cap ! $818.1M

Open	High	Low	Value	Volume
43.0¢	44.0¢	42.5¢	$421.8K	969.1K

Buyers (Bids)

No.	Vol.	Price($)
4	152359	43.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	7200	1

View Market Depth

No.	Vol.	Price($)
4	152359	0.435
4	76544	0.420
4	160711	0.415
4	224950	0.410
3	122469	0.405

Price($)	Vol.	No.
0.445	7200	1
0.450	303759	8
0.460	106850	3
0.465	75171	1
0.470	109254	4

Last trade - 16.10pm 31/07/2024 (20 minute delay)

OBM (ASX) Chart