Share markets as we know prefer to look ahead into the future...

Share markets as we know prefer to look ahead into the future Speculator 101.

They don’t look backwards unless something goes pear shaped!

We are in safe hands with Luke Creagh at the helm.

I think valuations are going to be easy here.

You can start by looking at realistic asset value of plant, cash, ground holding, existing resources and development (start by reflecting on July 22 release and work forward) .. this will justify current prices

Then you put a premium on earnings (cashflow multiple) valuation based on likely delivery and growth.

I maintain that there will be 2 declines operating at Davyhurst by Christmas 24 … let’s sit back and watch if I’m right.

if I’m right, OBM will by then be generating cash at the rate of $150 million cash plus per annum … and has to be over a $1 billion value on that basis