OBM 2.22% 46.0¢ ora banda mining ltd

Ann: Initial Drilling at Riverina South Delivers Strong Results, page-20

  1. 12,830 Posts.
    lightbulb Created with Sketch. 1837
    Yes certainly a juicy target as mgmt continue to expand Gold reserves.. at what point do you think a major Gold player will move ? and what price are you hoping for ?

    IMHO----- Definitive Feasibility Study imminent (targeting Q3 - CY2020) – DFS will underpin project development with “capital light” production restart .... will reward with a friendly offer

    At current Gold Price I think an offer in the mid 40's as the SP will be in the 30s after DFS (but if GOLD is $3koz AUD then more likely in the 50's)

    Thats my conservative prediction ..

    If OBM does achieve successive Qtr on Qtr production from 1H21 then I could see a much higher SP
 
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