OBM 2.63% 58.5¢ ora banda mining ltd

Lithium Query, page-7

  1. 351 Posts.
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    Ladytradr -

    I disagree with your summation "ZERO valuation for ‘other metals’ .. melt down in other lithium stocks has no impact".

    Currently OBM holds a 35% interest in nongold minerals and a 2% royalty in respect of DEPL's share of any other minerals production, but OBM has agreed to on-sell 1.5% of the 2% royalty for nongold minerals to Hawke's Point.

    The holding can be reduced to 20% should DEPL sole fund $15m over three years for exploration.

    So in reality OBM may end up with a 20% and a 0.5% royalty vested interest in lithium and other nongold minerals, which means the market price of nongold minerals will have a direct impact.
 
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