With OBM predicting first production early 2021, there is finally some light at the end of the tunnel.
I am bouyed by the fact the managing director David Quinlivan is an experienced mining man, knows the area in which OBM is exploring, and is currently the non - executive chairman of Silver Lake Resources (SLR), which has seen a share price appreciation in recent months.
What should not be underestimated is OBM has the 1.2Mtpa Davyhurst Processing Plant, a luxury most gold juniors do not have.
Although still "in - the - red" after the share consolidation I'm expecting a long term return of capital.
And once OBM has confirmed its reserves and starts producing, is it out of the question of a merger between OBM and SLR?
With OBM predicting first production early 2021, there is...
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42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $780.9M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $1.134M | 2.716M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9997 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 39313 | 3 |
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| OBM (ASX) Chart |