@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 * $1,700 margin = 220 million OPCF
Current EV approximately 665 million.
OBM EV/OPCF = 3
SPR EV/OPCF = 2.6
BGL EV/OPCF = 5.75
SPR still looks the best value of the three using a back of the envelope estimated operating cashflow as the yard stick although OBM is looking like a pretty good buy if they can ramp up to 2 UG production fronts.
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@ploughI take that back about OBM looking overvalued.Just been...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 108569 | $1.33 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 75205 | 1.325 |
4 | 120214 | 1.320 |
4 | 113091 | 1.315 |
2 | 88993 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 124430 | 6 |
1.355 | 51376 | 1 |
1.360 | 51376 | 1 |
1.375 | 643 | 1 |
1.380 | 2100 | 1 |
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