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

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)

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Then think about what happens when we find some other high grade deposits dotted around our ~1100 square kilometres of highly prospective lease holdings??