OBM 0.75% 66.5¢ ora banda mining ltd

Lithium Query, page-10

  1. 357 Posts.
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    Ladytrdr,

    You are correct in that "Ora Banda is free carried from any discovery to the completion of a Definitive Feasibility Study," but you are missing the point.

    This if not about gold, but OBM's interest in nongold minerals.

    Currently OBM has a 35% interest in nongold mineral rights, but DEPL has the ability to sole fund (i.e. free carry) $15M of exploration over three years to increase its stake in the JV to 80%.

    That means although OBM does not have to pay for the exploration it still has an interest in the nongold assets, which can effect its share price.

    I suggest you contact Luke Creagh for clarification and a better understanding of the company.
 
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