No better chart … no more obvious breakout, page-167

Dear Smoulder
welcome to our OBM thread and thanks for a question.

I personally believe that OBM has clearly turned the corner, with plenty of cash at bank, great leadership, plenty of low risk exploration potential that can materially extend underground resources and the plant is progressively operating around/above nameplate of 1.2 mtpa.

my timelines are a bit different to quarterly reporting dates.

By Nov end 2023 I hope to see the mill rate of 1.2 mtpa + cranking out an average of 3g/t +gold (producing 100,000 ounces annualised)
By July 2024 I hope to see OBM producing over 135,000 ounces per year aided by additional potential underground developments (Missouri?), and some further plant refinements delivering an AISC of less than A$1750/1800

At current gold prices, I believe that would be a positive cashflow comfortably in excess of $150 million per annum
… compared to current market cap. $217 million

if that operational scenario were to be the shape of things to come, I’m expecting a price of 18-20 mid year, and 25-28 by year end 2023.

2024 clearly the most exciting, but all will depend on delivery, exploration success, corporate actions, industry multiples etc

A real chance of todays OBM in future being compared to a embryonic Northern Star … all imho