OBM 1.80% 56.5¢ ora banda mining ltd

FOMO, page-38

  1. 11,899 Posts.
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    Cheers for that article Sparks.

    This is simply confirmation to me that OBM does indeed have a lot more ounces that are economic, but.. for the sake of getting the DFS completed and the plant put into production, much was left out, because, it was simply not needed yet.

    https://hotcopper.com.au/data/attachments/2502/2502622-8595f4ed12c929f3c037ed39ccb40ede.jpg

    I am extremely pleased that the company raised more capital than was needed, so that market moves like what is occurring right now, can be ignored by the company. Fully funded, no hedging and only a few months from pouring gold.

    Now I just want to see continuing updates with all work on the ground being completed successfully and on budget, plus, a HUGE... pile of ore on the ROM pad well before they turn the plant on. There is no need to rush turning it on, at the expense of having extra pressure to have ore available.
 
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