OBM 0.00% 33.5¢ ora banda mining ltd

Genesis and Ora Banda would be a better merger, page-24

  1. zog
    2,906 Posts.
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    Its a bit more than 6-7km from Ulysses to Mt Morgan (actually about 90km) and Gwalia is limited to about 1.7Mt/yr (mostly from Gwalia and now Admiral . Tower Hill needs a large cut back (expensive) and still a long way to cart low grade ore. IMO they will need to move the Mt Morgan plant to Gwalia before they can do anything with Mt Morgan (and Tower Hill). Jupiter is simply not worthwhile mining. Can't see that GMD will be interested in OBM until they have sorted out problems in the immediate Leonora area (including the Baroc Gold with refractory ore they inherited from SBM)
 
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