OBM's high-grade UG strategy provides production growth of +100kozpa in FY25 and we forecast higher production levels of +145koz in FY26. We upgrade our OBM recommendation to Buy (from Spec Buy), and increase our Price Target to 40cps (from 35cps), NAV 35cps and current Spot NAV 59cps (unhedged gold production).
—//—
my reading of this above is that a conservative model on gold price (probably something like A$2800) values OBM at 35 - 40 cents
BUT …
their valuation on OBM based on the current spot price of gold (A$3540) is 59 cents per share!
Euroz Hartley research
Add OBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $574.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 29.5¢ | $749.7K | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4250 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 85802 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
31.0¢ |
Change
-0.005 ( 1.08 %) |
||||
| Open | High | Low | Volume | ||
| 31.0¢ | 31.5¢ | 30.0¢ | 744161 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| OBM (ASX) Chart |