Hey Ngu.Whilst this report is a bit dated, it should give you...

Hey Ngu.
Whilst this report is a bit dated, it should give you most of what you need - Hartley's report Jan 2020
Obviously, Hartley's were a bit too optimistic regarding the AISC. But on all the other factors, I think they are reasonable.

This table sums up the companies value (From the DFS, which only considers the 460k ounces in reserve)
Which is a shame, as they were close to completing the Riverina U/G reserves (pretty sure it will be done before the plant turns on).



The company has stated that the current 24 month period to get the plant refurbished, will likely be shortened substantially. I am confident it is not going to take 6 months to refurbish a plant that was basically, fully refurbished just 2 years ago. Particularly, when its going to be refurbished, by the same company, GR Engineering. I would of course prefer them to start on the refurbishment on Monday, as there is no reason why the plant cannot be 100% ready, before schedule.

The value of OBM sits in its Plant, its small but viable reserves, and its $260m tax losses, which means they will likely pay no tax for the first 4 years of production (unless the gold price moves substantially higher, a good problem to hopefully have of course).
The project, because its a relatively high AISC (although I note, many producers in Australia, don sit that far below $1500 AUD), means it is a big play on the gold price.

The company has been very careful with its capital. Focusing soley on 5 deposits to build up the reserves. There are many (20+ other pits/UG deposits that will see further resource conversion going forward, but... that will likely happen more heavily once in production).

Hope that gives a bit of color to the company.