OBM 1.16% 42.5¢ ora banda mining ltd

A refreshingly honest and factual update about the challenges...

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    A refreshingly honest and factual update about the challenges facing OBM, they are having to scramble a bit with the Missouri Pit and the performance of the plant, but at least we can see a light at the end of the tunnel regarding the ore blend.

    Its all about personnel and skills shortages, you can have all the empty assay labs, mining equipment in the world but without the people it won't happen. Covid interstate border closures have tightened up labour supply sharply to the point where assay labs cannot obtain people, so if assay labs in Perth can't attract people, guess how hard it is to find skilled workers at remote mine sites? Previous booms have been assisted by FIFO workers from the Eastern States and NZ but this time there are major structural, generational and labour immobility impediments to expansion in the industry.
 
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