The reality is that you need a 3 million tonnes per annum (mtpa) plant to efficiently mine low grade material.
Our 1.2 mtpa plant is however a good size to process and blend higher grade ores.
Luke and team have quite prudently realigned everything on the reserves/resources front to focus on mining grades at least 1g/t higher than current.
That higher recovered grades will fall straight down to the bottom line.
Callion, Siberia and Lady Ida (all high grade 10 g/t sniffs) will likely be mined differently to focus on minimum grade dilution.
The Red Dirt guys to our north have been getting 15g/t gold up at Mt Ida lately.
Unfortunately, previous Davyhurst owners never had the spare cash to explore a multitude of high grade near surface (and plant) targets.
At 1.2 million tpa plus throughout, this project must have genuine potential to spit out serious amounts of quarterly cash flows.
- Forums
- ASX - By Stock
- OBM
- Ann: Mineral Resource and Reserve Statement
Ann: Mineral Resource and Reserve Statement, page-5
Featured News
Add OBM (ASX) to my watchlist
|
|||||
Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $798.7M |
Open | High | Low | Value | Volume |
42.5¢ | 43.5¢ | 41.5¢ | $560.6K | 1.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 4431 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33000 | 0.425 |
2 | 114000 | 0.420 |
3 | 155711 | 0.415 |
2 | 17220 | 0.410 |
2 | 102469 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 4431 | 1 |
0.440 | 163966 | 5 |
0.445 | 23000 | 1 |
0.450 | 141259 | 5 |
0.460 | 4750 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
OBM (ASX) Chart |