@plough
I take that back about OBM looking overvalued.
Just been having a closer look at over their plans.
Their Sandking UG prospect looks like it will definitely be a second production front. This should push head grade to about 4gt.
Their plant has a 1.2mpta nameplate. They'll probably need to reduce that slightly to deal with the harder ore blend. 1.1mtpa * 4gt = 130k oz at 92% recovery rate.
130k * $1,700 margin = 220 million OPCF
Current EV approximately 665 million.
OBM EV/OPCF = 3
SPR EV/OPCF = 2.6
BGL EV/OPCF = 5.75
SPR still looks the best value of the three using a back of the envelope estimated operating cashflow as the yard stick although OBM is looking like a pretty good buy if they can ramp up to 2 UG production fronts.
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@ploughI take that back about OBM looking overvalued.Just been...
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92.0¢ |
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Mkt cap ! $1.018B |
Open | High | Low | Value | Volume |
94.0¢ | 94.5¢ | 92.0¢ | $3.353M | 3.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 99602 | 92.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.5¢ | 89980 | 4 |
View Market Depth
No. | Vol. | Price($) |
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4 | 99602 | 0.920 |
2 | 32144 | 0.915 |
5 | 87179 | 0.910 |
1 | 22179 | 0.905 |
5 | 56601 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.935 | 89980 | 4 |
0.940 | 27724 | 1 |
0.945 | 46987 | 2 |
0.950 | 329920 | 11 |
0.955 | 34563 | 2 |
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