OBM 3.45% 42.0¢ ora banda mining ltd

Last chance to get set …, page-12

  1. 43 Posts.
    lightbulb Created with Sketch. 16
    The following summary is from the 31/12/21 accounts
    31/12/21 30/6/21


    Cash $15.02 $24.2

    Receivables 7.3 1.4

    Prepayments 1.1 .6

    Trade Creditors 22.4 21.0

    Available cash 1.0 5.2

    Cash Burn for the 6 months $4.2m

    Sale of asset $11.0m

    Negative Operational Cash flow $15.2m

    32000ozs sold at $2458

    ($15.2m divide 32000ozs = $475oz)

    Need to average (42458 =475 ) $2933 oz to break even cash flow all other factors being equal

    Major strip at Sand King 16/1 and higher (more cash) initially

    Horra Banda maybe

    Critical comment welcome


 
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