Over the last couple of years I have been spectacularly unsuccessful in reading the Ramelius tea leaves. Also I know very little about what Ora Banda is up to: there is talk on the OBM threads that they are about to get their act together but they all say that, don't they. In spite of my cluelessness I will say that that there must be a reason why so many seasoned operators have foundered on that particular project OBM has. Ramelius may be the one able to crack the code but I suggest it would be a very high risk play. Also the mill is only 1.2mtpa which I think would restrict using the typical Ramelius hub and spoke model and pretty much excludes processing lower grade deposits. I suppose the Ramelius team is flexible enough to change spots but the fact is a small mill limits the range of options that a relatively big operator like Ramelius would want access to. FWIW.
RMS Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
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