OBM 1.18% 43.0¢ ora banda mining ltd

Ann: Operational Update, page-92

  1. 2,082 Posts.
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    Actual company gross revenue of $160m PA - proportional to their market cap of $50m....  (: Ora Banda (ASX:OBM) clocks revenue of AU$79.60 million in half-year FY2022) - would not be matched by any mining elsewhere.

    At least in terms of the size of their cap - revenues are not the problem (although at $50m is hardly acceptable) - the issue with the company has been costs and questionable efficiencies. Gone now, at least in the short to medium term -  are the high strip and large waste mining CAPEX overheads,  the company has carried.

    I think investors at the current SP of about  4 cents are being spoon feed an opportunity, thanks to capital poured into the project at higher levels.  Single open pit mining now, with low strip ratios @grade 2.6% (photo) and  believable company disclosures that mining fleet reductions of 40%, will achieve substantial costs savings....positions the company to generate free cash at levels, which make a mockery of the current market capitalization.



 
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Last
43.0¢
Change
0.005(1.18%)
Mkt cap ! $798.7M
Open High Low Value Volume
43.5¢ 43.5¢ 41.5¢ $2.805M 6.552M

Buyers (Bids)

No. Vol. Price($)
2 51696 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 126445 4
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