Bigger is usually better, but not always.
Remember OBM will be sourcing from underground and each decline is probably rate limited at ~600,000 tpa.
The profitability derived from an efficient high grade medium life mine into a fully utilised plant is very special… 150,000 to 200,000 ounces pa x by a margin exceeding $1600 is a money machine … and at that point in time sounder growth in share price may come from share buy backs.etc
I also think the regional exploration will throw up numerous large stand alone possibilities for a new purpose built facility … but let’s worry about that in 3 years time
Bigger is usually better, but not always.Remember OBM will be...
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54.0¢ |
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Mkt cap ! $1.005B | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 59.5¢ | 52.3¢ | $5.519M | 9.910M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75778 | 53.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 276212 | 2 |
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