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
Yes mine life in valuations clearly a factor Trader088Now please...
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Last
32.0¢ |
Change
0.020(6.67%) |
Mkt cap ! $593.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.3¢ | $557.8K | 1.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42901 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 135018 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
31.8¢ |
Change
0.020 ( 7.63 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 31.8¢ | 30.0¢ | 377321 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| OBM (ASX) Chart |