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($) | Vol. | No. |
---|---|---|
44.0¢ | 126445 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 51696 | 0.425 |
2 | 15000 | 0.420 |
2 | 24577 | 0.415 |
4 | 27986 | 0.410 |
3 | 49766 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 126445 | 4 |
0.445 | 3500 | 1 |
0.450 | 23000 | 3 |
0.460 | 32354 | 2 |
0.470 | 47500 | 2 |
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