OBM 4.42% 54.0¢ ora banda mining ltd

Ann: Process Plant Successfully Recommissioned First Gold Poured, page-7

  1. 11,935 Posts.
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    Like others, I am very pleased to see OBM transitioning into a mining company.
    Still very early days of course. Having 2 months of ore on the ROM pad is also a very good outcome.
    Grades are reconciling to date. Ore movement slightly ahead of the DFS (though I will be watching this closely). Also nice to see they are almost up to the 1.2mtpa run rate for the plant. Though.. I am hopeful they might be able to eek out another 5-10% (but maybe that is only occurring with new plants).
    Golden Eagle just about to get into full development and production.
    While the softening POG in AUD is a little annoying (and it would seem that perhaps OBM should have at least, hedged a small amount of production), they are still going to be enjoying very good margins.

    I hope those who put the update together, get a congratulations. All the photos covered everything I wanted to see.

    Australia's newest gold producer (with a tainted history, but... hopefully, will prove that the past failures, were not due to grade... but due to not being able to feed the plant).
 
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