@speculator101. I notice your comments on OBM particularly the comment about being fully valued. SPR and OBM have similar MC (OBM a bit lower than SPR). SPR seems under valued compared to OBM or OBM is significantly over valued.
Interesting to compare OBM with Dalangara - very similar MRE and grade. OBM is currently not profitable - even December qtr with a head grade of 2.1 g/t but production is not great at 16k oz - cash costs were $2,777 with ASIC $2.499 in Dec qtr (never seen cash costs greater than ASIC - looks like a fudge to me - ie they played with the inventory stock movements). Yes they are going to increase production to 100 Koz but ASIC is still going to be quite high.
Even when Dalangara was in production at less than half the head grade of OBM it produced not dissimilar cash costs.
They are going to be mining Sandking but its a relatively small MRE of 303k Oz.
Don't get why so many posters on the OBM thread seem so keen on it ie based on future production and costs.
You may have other comments to add. I notice you do not won OBM.
SPR Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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