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...
Add OBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $622.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $93.99K | 279.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131886 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 980220 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |