OBM 2.33% 42.0¢ ora banda mining ltd

Dear WilburWhen 2 underground’s operating, if they feeding 1.4...

  1. 1,632 Posts.
    lightbulb Created with Sketch. 1059
    Dear Wilbur

    When 2 underground’s operating, if they feeding 1.4 mtpa x ~5 g/t av, surely the production is closer to 200,000 ounces per annum.

    The upgraded plant and new motors will have that template by Aug24

    200,000 x ~$1400 margin is ~$280 million per annum cashflow

    lets then assume $140 million per year in dividends/buy backs … (and not forgetting the exploration/success will be likely active)

    Northern Star currently has a yield of 2%
    Newmont is 2.34%
    Ramelius is 1%
    Regis and Evolution around 1.5%
    Capricorn … no dividend

    I maintain my optimism that under such a scenario OBM would have a mkt capitalisation of at least ~$1.8 billion (I.e. $1 per share, ~4% yield and ~$68 million annually in buy backs)

    (but that’s what makes a market I guess)

    —//—

    Then think about what happens when we find some other high grade deposits dotted around our ~1100 square kilometres of highly prospective lease holdings??
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
42.0¢
Change
-0.010(2.33%)
Mkt cap ! $780.9M
Open High Low Value Volume
43.0¢ 43.0¢ 42.0¢ $748.7K 1.753M

Buyers (Bids)

No. Vol. Price($)
3 164604 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.0¢ 75252 4
View Market Depth
Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.