While not new the Mineral Resource Estimate on page 24 does serve to highlight how rich and extensive the OBM land holding is and how they have only just begun to unlock this value. With the professional methodical, systematic, approach LC is bringing to development there is only one direction for the value of OBM despite periodic pullbacks in share price such as what we are experiencing now. OBM is cashed up with no real debt and LC, who is proving to be a great operator, has about $80m in the game. I dont think he is going anywhere soon. So all OBM has to do is keep doing what it has already shown it can do.
OBM Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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