Hey Sky,
I think its a great announcement. While the headline figure of 43k is nothing to get excited about, OBM is trying to show as clearly as possible, that the 'greater Riverina Project' is going to end up holding a lot more ounces in the mine life. I think its reasonable to expect upwards of 120-150k in reserves for the open pit, with... perhaps a similar amount in the U/G as they keep drilling it out.
(Red circle shows where there is little drilling. Yellow shows what I believe will end up be the open pit, with further drilling).
Then you have this bit of news:
Either way, I also appreciate the company showing that progress is indeed being made, with open pits now about to get stripped.
Ann: Riverina South Maiden Mineral Resource Estimate, page-5
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.5¢ |
Change
0.035(4.32%) |
Mkt cap ! $1.576B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 82.0¢ | $8.348M | 9.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16952 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 43695 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| OBM (ASX) Chart |