OBM 0.00% 43.0¢ ora banda mining ltd

Ann: September 2021 Quarterly Activities and Cashflow Reports, page-37

  1. 6,402 Posts.
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    @laverton

    I think as at 30 June, the company had $102m net equity, taking away all development capitalisation of $58, leaving $44m, plus $11m asset sale, and minus additional cash outflow in September quarter saying $6m, that leaves $49m in cash, ore, and booked assets.

    Cash wise, you are right plus $20m in inventory including ore and unsold gold, around $17m

    Asset wise, the book value for the mill was $20m at 30 June. by looking at BDC's BFS and BC8's second-hand mill construction process, OBM's mill is easily worth $40m.

    plus a bit of lithium hype, thus I bought today.
 
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