It doesn't bode well for the companies survival ATM. I believe...

It doesn't bode well for the companies survival ATM. I believe they made a strategic error in not allowing investors to scoop up additional shares which were not subscribed for. It has the benefit of a very low market cap (rough $2m) and a substantial low grade resource,but more importantly, it still has very encouraging exploration potential (to achieve that high grade component). Zijin's recent comments regarding copper & Kharmagti are interesting. Looking at OBM's project from another angle, if we were to have exploration success in locating some higher grade copper/gold, it could be game changer. I still believe OBM's project has sound potential to be a valid complement to the Kharmagti project (Xanadu).



It is not a good sign that we cannot even raise $1m but I hope we somehow manage to get a good crack at the next stage of the planned drill program. Maybe if this project does get handed back to KCC without any next stage follow up, it might be in their interests to drill a few more holes ????
Just my thoughts !!!