Yes ... just looking over the last Analyst report"Hartleys" done...

Yes ... just looking over the last Analyst report"Hartleys" done on OBM -JAN2020 when AUD Gold was around $600 less than present and fuel prices were much higher...they gave a 12month target 31c... one would think doing the number again that target would be around 50% higher>>so such great buying at these levels IMHO

Some points from hartley's report -

- OBM expects Riverina to develop into an initial open pit mining opportunity which could provide base load feed for the 1.2Mtpa processing plant.(this latest news very positive)

-Gold recoveries have been historically high, above 92%

-Eastern Goldfields spent an estimated A$28M on the refurbishment of the Davyhurst Plant.
(Only 8.5mill more to go till 100% primed for production!!)

-AISC est- $1300oz = profit margin $1340oz

-A maiden reserve for Whaili + Riverina mid CY20

-OBM Mgmt total shares held 4,100,000 + opts 10,067,408

-Our basic modelling assumes a 5 year mine life, which is <35% resource conversion of current Davyhurst resources to reserves. We anticipate ore from Riverina, Sandking and Missouri open pits will be the base feed for the plant in the first few years, with the plant head grade “sweetened” by the introduction of higher grade underground ores from Waihi, Callion and Golden Eagle