OBM ora banda mining ltd

Next step is likely to be 200,000 ounces plus annually Let’s...

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    Next step is likely to be 200,000 ounces plus annually

    Let’s assume my plant upgrade to 2 mtpa is correct

    Let’s assume there would be 3 portals delivering 600,000 tpa plus each to plant

    Let’s assume 90% recoveries and average grade over 4.3 g/t

    Bingo … over 200,000 ounces pa and annual cashflow that could approximate $500 million pa, provided $A gold price steady or higher and those assumptions achieved.

    Recent March 8 presentation hints that multiple choice of locations exist for the next decline development … and those Byrnecut boys are onsite with all the appropriate gear.

    Exciting 9 months of news and development ahead I suspect
 
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