Ann: Investor Presentation - Update May 2021, page-26

Holding both in the portfolio but at current copper spot price of US$ 10500 per tonne , or ~AUD$13300 that gives a $6 per pound gross revenue and at $3.75 per pound cash cost, the other company gets $2.25 per pound cash margin. With production at 23ooo-25000 tonnes per annum, or 50,600,000- 55,000,000 pounds per annum, the cash flow produced will be ~AUD $110,000,000- $124,000,000.

Admittedly, they have hedges in place for significantly less $ per tonne but most run out in July 2021. But those numbers exclude free cash generated by the 70,000 ounces at ~ $1550 ASIC.

OBM gets its act together they say they will produce $34 million FFC at AUD $2100 and quite a bit more at the current spot price. The higher grade and longer mine life OBM is slated to have is a significant plus, but the mining and processing operations have to perform.