I think the longer that OBS can hold off on releasing their resource and get as much drilling data into it will be beneficial to the total resource that will be estimated. The original timeline for annoucing the resource was a bit premature. Suspect if they had originally following the timing would have seen a much lower resource. Suspect at this time you could see the resource in the 500k to 750 koz range which it needs to be as market cap on a resource basis would be high given the current trading price.
I am a big fan of OBS as I believe in 2 to 3 years you will see them holding resources in the 2 to 3 million ounce range, if they aren't taken over.
OBS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
