Yes mine life in valuations clearly a factor Trader088
Now please also consider how little OBM has spent this year on drilling and how much fruit (new high grade resources) has been uncovered.
we have gone from being a boring low grade open cut miner to have 2 high ground underground operations by the end of 24.
Then consider the true geological potential of the contiguous highly prospective gold belt 100% controlled by OBM .. littered with old workings and mines that have never been drilled below 50 metres depth.
OBM could be spending $50 million a year on exploration from 2025 onwards!
in my opinion, these properties will be mined on big volumes for decades now …. the resources will grow much faster than depletion
you can always wait for the JORC table if you like, but please expect then to be buying into this stock at multiples of the current valuation
- Forums
- ASX - By Stock
- Mergers & acquisitions on the rise in the golds
Yes mine life in valuations clearly a factor Trader088Now please...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.5¢ |
Change
-0.005(1.11%) |
Mkt cap ! $835.9M |
Open | High | Low | Value | Volume |
44.0¢ | 46.0¢ | 43.3¢ | $1.040M | 2.327M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10796 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 96161 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10796 | 0.445 |
4 | 105330 | 0.440 |
1 | 22500 | 0.435 |
1 | 1243 | 0.430 |
5 | 69105 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 96161 | 1 |
0.455 | 124230 | 1 |
0.460 | 84228 | 3 |
0.465 | 75171 | 1 |
0.470 | 72397 | 8 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
Featured News
OBM (ASX) Chart |