Lithium Query, page-6

OBM is a focused gold company

assume WES find nothing … as there is zero valuation in the current share price for ‘other metals’

In the unlikely event that WES ever find something commercial, then it may be positive for OBM in the long term.

OBM current valuation is based on
- debt free
- operating plant (replacement value $200 million)
- existing reserves/resources (to grow markedly 2024)
- cash
- completed decline 1 Riverina
- enviable land holdings with old mines/pits
- industry best senior management
- sharp increase in production and material lowering of costs over next 12 months
- prospect of second decline 2 by year end 24 at Sand King
- over $335 million in accumulated tax losses

a bargain at $400 million mkt cap. today, particularly if the company is producing at the rate of 150,000 ounces per annum at an AISC of $1750 by Dec 24

ZERO valuation for ‘other metals’ .. melt down in other lithium stocks has no impact